While technology has much to offer by way of convenience and customer experience, it is often a complement to rather than a replacement for bank branches.
*  *  *  Ladies and Gentlemen, Thank you for inviting me today to the Brookings Institute to share my views on financial stability and the progress towards Banking Union. Financial stability in Europe  Financial stability in Europe has improved according to the Global Financial Stability Report and the stress for the euro area financial system has eased tangibly.