•  But this will not be the end of the road: looking ahead, we also need to build a financial landscape that is more diversified, more capital market-based for all segments of financial products. It is with this perspective that the ECB has singled out securitisation as one priority; but there are others, such as venture capital.
•  A note of caution however: the financial system cannot contribute to growth if the underlying fundamentals are not sound. Contribution of monetary policy and the ECB in particular Throughout the crisis, the ECB has deployed a number of instruments, conventional and unconventional.