In considering means to improve the financial status of families, financial education can play a critical role by equipping consumers with the knowledge required to choose from a myriad of financial products and providers.
A European Systemic Risk Board, in which central banks and supervisory authorities will participate, will be responsible for macroprudential analysis and supervision. It is important that it be headed by the president of the ECB, that its activity go beyond merely warning about risks, that it be able to verify implementation of its recommendations and promote the introduction of countercyclical measures.