Adequate measures must be in place to ensure that the consumers are not unduly disadvantaged by business processes. The credit approval process should, for example, prevent over-indebtedness. The features and conditionalities of financial products should be clearly communicated. Transparency in information and pricing should be the key principle in marketing and client dealings.
Separation of central banking and supervision in EMU I should like to discuss next the relation between central banking and supervision in the new institutional framework defined by the Treaty.