Bundesbank President Jens Weidmann believes that financial stability must not be adopted as an additional monetary policy objective on a par with price stability. This would put the credibility of central banks at risk, he explained at a Bundesbank symposium. Monetary policy was not a suitable instrument for safeguarding financial stability. Renowned economists then discussed the interaction between monetary policy and financial stability.

ECB Executive Board member Sabine Lautenschläger says that banks in Europe would be put through their paces. "I think it's hugely important for our stress test to be tough," she commented on the second day of the Bundesbank's symposium. This year was an opportunity to straighten things up, she added.