Conclusion In discussing the latest U.S. regulatory capital proposals, I have endeavored to describe where we are in the process, what we are trying to achieve, and how feedback from industry participants like you is vitally important.
The media is responding to market demand for information here, but as in any other competitive industry, media organisations are also seeking to create new markets by supplying more intensive, more frequent coverage of more issues, including economic policy. The second rationale for more communication is the desire for more effective policy.