However, we judge that the functions of the two processing- and custody-focused LISCC firms implicate systemic concerns to a greater extent than the substantial balance sheets of the larger regionals.
I am pleased to welcome you to the third conference of the Monetary Stability Foundation here in Frankfurt. As in previous conferences, I am again very delighted that so many distinguished speakers will share their thoughts with us during the forthcoming panels. This year’s conference is entitled “Challenges to the financial system – ageing and low growth”.