6/7  BIS central bankers' speeches  They will have to decide what level of compensation they want to provide to those who lose out from globalisation; and each society will have to reconsider where it makes sense to impose limits on global markets and internationally active firms.
However, there would still be substantial room for the harmonisation of rules, but it should be less, and focused, harmonisation with minimum standards only in carefully selected, meaningful areas. I personally will do everything I can to contribute to finding the right approach.