Alan Greenspan: Policy coordination Speech by Mr Alan Greenspan, Chairman of the Board of Governors of the US Federal Reserve System, at the opening of the new HM Treasury Building, London, UK, 25 September 2002.
Central banks can play a supporting role in boosting transparency. They can cooperate internationally to identify best practices as well as inefficiencies and existing obstacles. The NGFS is an excellent forum to this end. A recent NGFS study showed that transparency initiatives around the world differ significantly and that numerous divergent taxonomies, standards and guidelines have been developed.