Fundamentally, however, the performance of our economies and the resilience of our financial system depend on market participants’ decisions, actions and risk management. The close cooperation of policy-makers and market participants is an essential ingredient for achieving sustainable economic growth and preserving price stability.
To this end, the Global Association of Risk Professionals has an important role to play, as the expertise and experience of its members will contribute to further improvements in the field of risk management. Once again, I should like to thank you, also on behalf of all my colleagues at the Bank, for awarding the Risk Manager of the Year Award to the ECB.