Our aim remains to have a resilient financial system that can absorb and not amplify adverse shocks, one that performs its essential function to support the real economy through both good times and bad. I think it is not an over-statement if I say that developments so far in 2020 underline the necessity of that approach.
Y V Reddy: Monetary and regulatory policies – how to get the balance with markets right Remarks by Dr Y V Reddy, Governor of the Reserve Bank of India, as a panelist at the Annual General Meeting Panel of the Bank for International Settlements, Basel, 29 June 2008.