This, however, is not to say that the process would be a cake-walk – as there would be considerable challenges too that lie head for all of us, during the current phase of implementation as also for moving to the advanced approaches.
I have every confidence that you will be a superb leader of the ECB. My goal has always been to comply with the mandate enshrined in the Treaty, pursued in total independence, and carried out through an institution that has developed into a modern central bank capable of managing any challenge.