Continually striving to improve quality is also important, by ensuring the right mix of experience and investing in training, so that your supervisors have the skills to challenge firms effectively. Ensuring that the Central Bank can attract and retain the skills it needs will no doubt become an increasingly demanding challenge as the market for the relevant specialised skills improves.
Concerns over globalization that have become so prominent a part of the economic debate in Europe and also in the United States, focus on the impact on the wages of less skilled workers in the west of the hundreds of millions of Chinese and also Indian workers who are entering the global labor force.