Central Banking

Quaden on the cash single shared platform

In the speech 'CashSSP - the cash single shared platform' given on 16 March Guy Quaden of the National Bank of Belgium said the Eurosystem has established itself as a sound system capable of taking well-founded monetary policy decisions.

"On the operational level, it is now moving towards more specialisation. Tomorrow, our central banks will probably not be performing all the same tasks anymore. Some decisions will be taken following a top-down approach, others will grow from the bottom up. I am convinced that within the Eurosystem, there is, and there should continue to be, an important role for each and every member.

"Erkki, let me conclude by once again thanking the Bank of Finland for the warm welcome I have been given here in Helsinki, and that is not just because of the warm winter weather we are having these days. Let me also thank you once more for sharing the vision that the CASH SSP partnership can boost collaboration between Eurosystem central banks, building on the expertise and know-how available across the whole system, something that is fully in line with the team spirit promoted by the ECB Governing Council.

Remarks by Mr Guy Quaden, Governor of the National Bank of Belgium, on signing the Cash Single Shared Platform contract between Bank of Finland and the central banks of Belgium, Luxembourg and the Netherlands, Bank of Finland, Helsinki, 16 March 2007.

Click here to read the speech

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