with gender. so the effort to get more women in management positions does not achieve anything? that ’ s not the point. we are talking about the governing council of the ecb, which concerns itself with economic issues. here, individual opinions have little to do with whether you are a man or a woman. not everything should be made into a gender issue. but the atmosphere is surely a bit more cheerful. it ’ s easy to have a laugh with you. do you mean to say that men don ’ t laugh? germans are worried because soon the bundesbank will not be able to vote in the governing council every time, on account of the rotation of voting rights. is that a bad thing? too much is being made of this topic. anyone without voting rights at a given time can still clearly express his or her opinion in the governing council – and can convince the others. will the others not take us to the cleaners when mr weidmann is not voting? nobody will be taken to the cleaners. moreover, there is no place for resentment. in the governing council of the ecb, people exchange their views and now and again are even convinced to change their minds. since the governing council has decided to start publishing its minutes in the near future, you will soon be able to see this for yourself. and if jens weidmann cannot vote, you can still represent the german position. i can always vote, but i take a rather conservative approach. however, above all, i am independent and committed to the ecb ’ s mandate of maintaining price stability. bis central bankers ’ speeches

generally intended to apply to financial and nonfinancial assets and liabilities that are currently subject to fair value measurement and disclosure. it is not intended to expand the use of fair value measurements in financial statements at the present time. in my view, the proposal is a good first step in enhancing fair value measurement guidance, but i believe additional guidance is warranted. the proposal should address reliability issues more comprehensively. most important, fasb should develop additional guidance and conduct more research and testing to enhance the reliability of fair value measurements before the use of fair value is significantly expanded in primary financial statements. furthermore, fasb should work with other organizations including the public company accounting oversight board ( pcaob ), the american institute of certified public accountants ( aicpa ), and accounting firms to enable the development of robust guidance that ensures fair value estimates can be verified and audited. anti - tying restrictions on banks finally, i want to discuss the nature of anti - tying regulations for financial institutions, an issue that can be very confusing to nonbankers. as innovations create new financial instruments, services, and markets, and as banks expand the scope of the financial services they offer, the process banks use to make business decisions is similar to the process many of you apply in your own business. financial institutions are trying to build customer loyalty by offering a broader menu of financial services to corporate customers. some of these financial services are more profitable than others, and thus, add greater shareholder value. the concern addressed by anti - tying restrictions is that banks may force customers to take unwanted products in order to obtain needed services - primarily loan products. as a brief background, a special anti - tying statute applies to banks. the statute generally prohibits a bank from conditioning the availability or price of one product on a requirement that a customer also obtain another product that is not a traditional bank product from the bank or an affiliate of the bank. for example, a bank may not inform a customer that it will provide the customer with a loan only if the customer engages the bank ’ s securities affiliate for an underwriting or obtains some other product or service that is not a traditional bank product from the bank or an affiliate. the words “ that is not a traditional bank product ” are important. not all tying arrangements are illegal ties. the statute and the federal reserve board ’ s regulations expressly permit a bank to condition the availability or price of a product or service on a requirement that the customer also obtain one or more traditional