Ladies and gentlemen, let me conclude by stressing again the most important issue I see, which is the free information flow and cooperation between supervisory and other authorities. Improving this also by removing obstacles hindering the flow of information would guarantee efficiency in preventing and handling future crises.
Even though it is tempting to think that “this time is different”, I can guarantee that in the future things will not be different and nasty surprises and crises will surely occur, and that time again a wellfunctioning supervisory system is of essence. 2  BIS central bankers’ speeches