In such cases, improving information disclosure alone may not adequately address the issue. Consequently, the goal of consumer protection may be most effectively realized, weighing the potential costs and benefits, if certain product features are modified by rule or prohibited outright rather than disclosed. 9  Durkin and Elliehausen (forthcoming), Financial Economics of Information Disclosure.
I would like to use this particular occasion to update you on economic and monetary developments as well as to discuss any issues that you may want to raise. Let me first give you an overview of the developments in the past year.