Vítor Constâncio: The establishment of the European Systemic Risk Board – challenges and opportunities Introductory remarks by Mr Vítor Constâncio, Vice-President of the European Central Bank, at the Eurofi Financial Forum plenary session 14 on “Implementing the de Larosière Agenda”, Brussels, 29 September 2010.
Figure 3 depicts a stylised picture of the RBNZ balance sheet. While central bank balance sheets and financial performance can be very volatile, in constructing our balance sheet, we have taken strategic decisions that impose some limits on the potential volatility in reported financial performance.