While I am also a member of our Monetary Policy Committee (MPC), I am speaking mostly as the chair of our Assets and Liabilities Committee (ALCO), responsible for the internal governance of our balance sheet. While the MPC sets monetary policy, our ALCO oversees its implementation and our activities in financial markets.
But as the urgency of the crisis begins to fade in our collective memories, there is a risk that countries and institutions will stray from the common sense of purpose and determination that inspired the sweeping G-20 reform agenda.