The early identification and assessment of risks and vulnerabilities, the issuance of risk warnings, and the adoption of the related macro-prudential policies should be key responsibilities in a reformed global framework for financial oversight, in which the IMF and the FSF should play a key role, but all relevant parties, including the new EU macro-prudential supervisory body, should be closely involved.
It is, indeed, a pleasure to be here this morning as I have an opportunity to share my thoughts with both the business leaders of today and tomorrow, and also with those who are shaping and grooming the business leaders of tomorrow.