It opens up a level playing field where fintechs can grow, gain scale and leverage other parallel technical advances, some of them promoted and developed by the ECB.
After all, the best contribution that the Eurosystem can make to sustainable growth in the euro area is to safeguard price stability in the medium to long term And lastly we should also not forget that a reliable monetary policy also helps to reduce uncertainty in times of an ongoing financial market turmoil. Thank you for your attention.