Borrow such sums of money that you are certain to be able to repay in time. Already banks have become mindful of risks involved in their lending operations. In the wake of financial liberalization, regulatory and supervisory authorities are requiring banks to give due weight to credit risk, amongst other things, in their operations.
* * * Madam Chair, Honourable Members of the Committee on Economic and Monetary Affairs, Ladies and gentlemen, I welcome the opportunity to appear before this Committee today despite the difficult circumstances. A strong relationship between the ECB and the European Parliament is more important than ever, as Europe is confronted with an extraordinary crisis.