Mister Chairman, Honourable Members of the Economic and Monetary Affairs Committee, Ladies and Gentlemen, This hearing today takes place at a moment of change for the ECB. On 4 November, the ECB will become the banking supervisor for the euro area, including the direct supervision of 120 large banks. This marks the biggest step of European economic integration since the inception of the euro. We are well prepared for this step, but we are also conscious of the important additional responsibility we will be taking on. Additionally, over the course of the coming months, the majority of the ECB’s services will move to ... (full story)