benoit cœure : a euro cyber resilience board for pan - european financial infrastructures introductory remarks by mr benoit cœure, member of the executive board of the european central bank, at the first meeting of the euro cyber resilience board for pan - european financial infrastructures, frankfurt am main, 9 march 2018. * * * it is a pleasure to welcome you back to frankfurt. our last meeting was in june last year. today, we will discuss the future course of the high - level cyber resilience forum for pan - european financial market infrastructures, critical service providers and competent authorities. establishment of the euro cyber resilience board for pan - european financial infrastructures recent technological advances have enabled cybercriminals to conduct ever more sophisticated, precise and powerful attacks. and nobody is immune to cyber risks, including businesses, financial infrastructures and public administrations. so we should avoid a “ blame and shame ” culture and work together. the ecb and the eurosystem are striving to lead by example. at the ecb, overseers, operators, supervisors and it security services are working together more closely on cyber issues. within the eurosystem, there has been close collaboration on implementing the eurosystem oversight cyber resilience strategy for financial market infrastructures that we presented at our last meeting, in line with cpmi - iosco ’ s guidance on this topic. 1 the market infrastructure board, which is in charge of eurosystem financial market infrastructures, has also scaled up its activities to ensure the continued cyber resilience of its systems and platforms. eurosystem initiatives are part of a growing international effort to combat cyber threats. the cpmi - iosco guidance is being implemented. in october 2017, the financial stability board ( fsb ) delivered a stocktake report of relevant regulations and supervisory practices to g20 finance ministers and governors, and g7 ministers and governors published the “ fundamental elements for effective assessment of cybersecurity in the financial sector ”. 2 the fsb will produce a common lexicon of important terms, while the g7 cyber expert group continues to work on third - party risks, cross - sector coordination and threat - led penetration testing, and will make proposals for g7 cross - border cyber crisis simulation exercises. in this context, the eurosystem aims at coordinating its own activities in the field of cyber risks with that of market participants and other public authorities to succeed in protecting the financial system

zhou xiaochuan : people ’ s bank of china governor ’ s new year message new year message by mr zhou xiaochuan, governor of the people ’ s bank of china, 7 january 2015. * * * the last day of 2014 is about to leave us and we will soon see the first light of 2015. at this juncture, i would like to convey, on behalf of the pbc cpc committee, new year ’ s greetings to all the staff members of the pbc system and sincere gratitude to those who are still on their duty positions on the new year holiday and their family members. in 2014, we continued our endeavor on the road of reform and innovation. in the complex and changing international environment and facing the arduous domestic task of reform, development and stability, under the leadership of the cpc central committee and the state council, the pbc continued the approach of seeking progress while maintaining stability, reform and innovation and achieved remarkable results in the various fields of central bank functions. we continued to implement a sound monetary policy, maintained policy continuity and stability, made innovations in the approach of macro - economic management, and conducted pre - emptive adjustment and fine - tuning. as a result, the growth of money, credit and all - system financing aggregate remained reasonable and the credit structure continued to improve, contributing to the stable and sound development of the economy. breakthroughs were made in the key financial reforms including market - based interest rate reform, exchange rate regime reform, and deposit insurance scheme, and policy financial institutions made new progress in their reforms. we have seen faster pace in the innovation of financial markets and a stronger role of financial sector in servicing the real sector. the cross - border use of rmb has been expanding. the reform of foreign exchange administration has been deepening. the management of financial risks has been effective. the quality and management of financial services have improved. we have actively participated a wide range of international and regional financial cooperation. the party ’ s mass line education and practice endeavor has produced results. the pbc has further improved its party building, style of work and internal management. the year 2015 is a crucial year for the deepening of reform as it is the first year of comprehensively promoting rule of law and the concluding year of the 12th five - year plan. the pbc system will earnestly implement the decisions adopted at the 18th cpc national congress, the third and fourth plenums of the 18th cpc central committee, and the central economic