That people seem to find it easier to  BIS central bankers’ speeches  5  imagine the downside today is a mark of the length of the shadow cast by the financial crisis, seven years on. For financial regulators and policymakers, it is, of course, our duty to look out for possible problems.
Does this mean that the European debate on the subject is still far from being settled? This is a decision that Axel Weber has taken for personal reasons. I respect that decision. The appointment of the President of the ECB is a very important decision, which is in the hands of the heads of state and government.