I managed to say goodbye to many colleagues, but sadly not to every single one of them, so I would like to use my speech to say that no matter how obscure and complex my questions were, you never failed to give me a well-founded and reasoned answer. That is one of the Bundesbank’s greatest strengths.
The CBB is also focusing much attention on upgrading and enhancing regulations governing capital markets, which are central to the functioning of a modern, sophisticated financial centre. The recent volatility in international stock markets underscores the need for transparency which the CBB has achieved through enhanced disclosure standards introduced as of the start of this year.