Furthermore, there are also legal differences across countries, in particular relating to the possibility of netting financial obligations. These problems have been posing considerable challenges to the preparation of the contractual documentation underlying repo transactions. With regard to market infrastructure, the Eurosystem believes that it is up to market participants to deal with the problems and find the best market-oriented solutions.
Today, some of the issues on the agenda go to the core of the integration strategy, therefore I hope we can use this opportunity for serious discussions on integration in the sub-region as we look to the task ahead. On this note Fellow Governors, let us all have fruitful deliberations. I hope you enjoy your stay in Accra. Thank you for your attention. 2/2