 The ECB's mission statement has been updated. The main aim of the Euro system remains price stability and safeguarding the Euro. But now the statement also covers the ECB's role in banking supervision. The ECB, along with the national competent authorities across Europe, work as the single supervisory mechanism to ensure the safety and soundness of the banking system. Not to mention financial stability too. The ECB respects the separation between monetary policy and banking supervision. The ECB is transparent while fully observing confidentiality requirements and is committed to carry out its tasks effectively, striving for the highest levels of integrity, competence, efficiency and of course accountability. For more information on the new mission statement see the ECB's website.