Listening to the perspectives of the financial system’s participants is fundamental to effective regulation. It helps us understand what’s working, what isn’t and what may need to change as the financial system changes. Agile and forward-looking regulation requires connection. Engagement with the Central Bank’s stakeholders is a core part of our approach to regulation.
Conclusions The course and magnitude of global financial flows and our own perceptions of financial openness are being continually reshaped in the 21st century. A period of relative abundance was rapidly brought to a halt with the international financial crisis of 2008.