We have to ensure that European citizens are confident that the euro is a currency, which can sustain its value over time, and that the ECB is an institution which they can trust. The ECB should be perceived as an institution that says what it does and does what it says. The ECB and the Eurosystem should develop into truly European institutions.
This has made financial reporting a complex process. However, looking at the upside of it, these disclosure requirements will empower the stakeholders in making relevant decisions. The BSP believes that this uncovering of more information, will help us realize our vision of full transparency, which is one of the pillars of good corporate governance.