In Australia, the Governor of the RBA chairs the Council of Financial Regulators (CFR) that was established in 1998, and discusses macroprudential issues with other regulators. In South Korea, the Macroeconomic and Financial Committee (MFC) was established in 2012, with the Deputy Governor of the Bank of Korea (BOK) participating as a committee member.
It’s my pleasure to welcome you to this joint conference of the Federal Reserve System and the Federal Deposit Insurance Corporation (FDIC). Our program over the next two days will highlight policy-oriented research on U.S. housing and mortgage markets.