The Eurosystem which has strongly supported the Lamfalussy approach from its inception and has actively contributed to its development during the past years also intends to contribute to the review process.
It will publish its formal assessment – focusing on the banking sector – within the coming days and therefore I would like to take today the opportunity to share with you a number of issues which I judge important. Basic premises underlying the Eurosystem’s assessment Let me start with the two basic premises underlying the Eurosystem’s assessment.