José Manuel González-Páramo: The regulatory and supervisory reform in Europe Speech by Mr José Manuel González-Páramo, Member of the Executive Board of the European Central Bank, at the presentation of the Report “Observatorio sobre la reforma de los mercados financieros 2009, realizado por la Fundación de Estudios Financieros”, Madrid, 22 January 2010.
*  *  *  Introduction Ladies and Gentlemen, 1 I am very glad to participate this morning in the presentation of the latest “Observatorio” from the Fundación de Estudios Financieros (FEF). 2 This year’s report is dedicated to the very important issue of the Reform of the European Financial Markets.