Why is it that we have to persuade other people – and perhaps even ourselves – of the merits of innovation, when we add the word “financial” in front of “innovation”?
Given the reality of global finance, it is not enough to have our own house in order unless we seal ourselves off from the world – and if we were to do that we will end up much poorer. An open, resilient global financial system will be central to the transformation of the global economy.