*  *  *  Ladies and gentlemen, “Can regulation contribute towards greater stability of the financial system?” My answer to this question is, “Yes, but….” Or to be more precise: “Yes, but only if we pay more attention to certain things in future.” What do I mean by that?
I would like to begin by emphasising the great achievements that we have reached so far. The international financial system is considerably more resistant today than it was just a few years ago. Many important regulatory measures were tackled under the G20 financial sector reform agenda.