First, because the achievement of its primary objective of safeguarding price stability in the euro area would be facilitated by a safer and more resilient international financial system. Second, because the statute of the Eurosystem establishes that the Eurosystem shall contribute to the smooth conduct of policies relating to the stability of the financial system.
BIS Review 79/2000  4  A wide range of topics could be discussed here. However, the interest that the IIF has shown in the recent past in the issue of “private sector involvement” leads me to focus on the ECB’s assessment of ongoing discussions.