BIS central bankers’ speeches  3  (iii)  A mandated independent evaluation of large value restructurings, with a focus on plan viability and a fair sharing of losses (and future possible upside) between promoters and creditors.
*  *  *  It is a great pleasure for me to open this conference. Our agenda is filled with addresses by distinguished speakers and research papers of uniformly high quality on topics of keen interest to central bankers. Indeed, few subjects are more important for central bankers than the efficiency and stability of the financial system.