I have always been in favour of taking a stance, standing up for clearly defined viewpoints, always being open for dialogue, and positioning the Bundesbank ahead of the curve. During my term of office, I felt my natural role was as the Bundesbank’s ambassador.
This applies not only to banks – but also to mortgage banks. Finally, I would like to thank the Federation for our good cooperation during the past year and for inviting me to speak at today’s meeting. Thank you for your attention. BIS central bankers’ speeches  5