mario draghi : hearing at the committee on economic and monetary affairs of the european parliament introductory statement by mr mario draghi, president of the european central bank, at a hearing before the committee on economic and monetary affairs of the european parliament, brussels, 25 april 2012. * * * madam chair, honourable members of the committee on economic and monetary affairs, it is a pleasure to be back here in parliament and in front of your committee for our regular exchange of views. accolgo con soddisfazione l ’ esito delle riunioni di primavera di aumentare le risorse del fondo monetario internazionale ( fmi ) di 430 miliardi di dollari. l ’ area dell ’ euro ha fatto la sua parte accrescendo le proprie protezioni e impegnandosi a fornire al fmi un importo aggiuntivo di 150 miliardi di euro. sono lieto che ora altri azionisti del fondo si siano offerti di prestare il proprio contributo per incrementarne le risorse. il est maintenant d ’ une importance cruciale que le mecanisme de stabilite europeen soit entierement operationnel. la bce peut fournir son soutien a cet egard. naturellement, meme avec un pare - feu important en place, les pays de la zone euro doivent continuer a mettre en œuvre les ajustements budgetaires et structurels qui s ’ imposent. wie ublich, werde ich zuerst auf die aktuelle wirtschaftliche lage im eurogebiet eingehen. danach werde ich mich den themen zuwenden, die sie vorgeschlagen haben : bewertung der sondermaßnahmen der ezb und bewertung der wirtschaftlichen ungleichgewichte in der wahrungsunion. economic and monetary developments let me first focus on economic and monetary developments in the euro area since our previous meeting on 19 december last year. available indicators for the first quarter of 2012 broadly confirm a stabilisation in economic activity at a low level. latest developments in survey data are mixed, highlighting prevailing uncertainty. looking ahead, growth should

christophe edmond : risk - based supervision for digital financial services, money value transfer services, money remittances and bureau de change sectors closing remarks by mr christophe edmond, first deputy governor of the central bank of seychelles, at the regional workshop on “ risk - based supervision for digital financial services, money value transfer services, money remittances and bureau de change sectors ”, mahe, 30 may 2019. * * * governor representatives of the esaamlg secretariat, distinguished speakers and participants, ladies and gentlemen, good afternoon. i address you at the end of what has been four days of insightful and knowledge - fuelled interactions on risk - based supervision, particularly for the digital financial services, money value transfer services, money remittances and bureau de change sectors. we leave here with no doubt that the risk - based approach to supervision is central to the implementation of the financial action task force ’ s international standards on combating money laundering, and the financing of terrorism and proliferation. the discussions and sharing of experiences that have taken place over the past few days have helped us ascertain the level that has been reached by the different regulatory and supervisory authorities in the region, as well as the global trends and expectations. we now have a broader perspective of the effectiveness of such an approach to supervision, as well as the challenges it brings. some of the key takeaways include the need to have well - designed and effective aml / cft policies and supervisory frameworks, to help foster greater financial inclusion, and the importance of having a continuous risk assessment process. limitations of the different regulatory and supervisory entities, in particular the cost, the availability and the allocation of resources, were also highlighted, with a specific focus on the need for such challenges to be understood both at the institutional and national levels. increased awareness, collaboration, and cooperation between the different entities and the buy - in of government, are all essential factors that will contribute towards sound policy formulation and assist jurisdictions in understanding the cost of aml / cft compliance. while the supervisory challenges posed by the specific sectors of the financial system may vary, devoting more time to sectors and activities perceived to be of highest risk should be prioritised. risk - based supervision provides a rigorous framework for assessing and addressing risks and efficient allocation of resources, which can improve the efficiency and effectiveness of all supervision. although there are several important principles and approaches to risk - based supervision, it is essential to be mindful that there can