A positive review would boost the real economy and open the way for discussions on debt relief A positive completion of the review would benefit the real economy in a number of ways: •  by bringing about a major improvement in confidence, thereby contributing to a faster return of deposits to the Greek banking system;  •  by enabling a decision to reinstate Greek securities as eligible collateral in Eurosystem monetary policy operations, providing Greek banks with access to lower-cost funding from the ECB;  •  by allowing Greek government bonds to be included in the ECB’s quantitative easing programme;  •  by bringing forward the further relaxation – and ultimately lifting – of capital controls.
•  The message for CEOs, CFOs, and senior management is: Uphold your responsibility to maintain effective financial reporting and disclosure controls and adhere to high ethical standards. This requires meaningful certifications, codes of ethics, and conduct for insiders that, if violated, will result in fines and criminal penalties, including imprisonment.