Their career prospects depend not on being agreeable to a firm but on being able and prepared to engage in sometimes unpalatable but always necessary conversations and analysis. This challenge by supervisors will occur during the PRISM engagement tasks. These engagement tasks will vary according to the impact category of the firm.
In the absence of an adequate and timely reaction by fiscal and structural policies in the aftermath of the financial crisis, monetary policy became the only tool to bolster the world economy. There are also strong indications that, without independence, central banks would probably not have been able to undertake the measures needed to face the crisis.