Ensuring success in the execution of these activities is aimed at enhancing the effective functioning of our markets as well as their integrity and reputation, ultimately for the benefit of all market participants and society as a whole. Central banks have been, for a number of years now, operating in a challenging and increasingly complex environment.
Not only are some central banks implementing policy measures that have never been tested before, but increasingly, authorities in different countries are facing challenges that are becoming more diverse, and the implications of measures being implemented across different jurisdictions, and the effectiveness of policies, are becoming more difficult to assess.