He adamantly supported the transfer of the Bank’s research department out of the dark and dusky vaults, shaping it into a more vibrant and policy oriented department. Wim wanted to have the best minds within the Bank at the disposition of those that had to take stands on practical policy decisions. The forged alliance could tackle any issue at hand.
the need to pay attention to the feedback loops, particularly the negative feedback loops and to take mid-course corrective actions. Those who fail to do so, end up paying a heavy price. 4  BIS central bankers’ speeches  Inclusive finance vs. regulations2 History is replete with examples that good intentions may not always lead to good outcomes.