Philip R Lane: Macroeconomics and banking in Ireland Address by Mr Philip R Lane, Governor of the Central Bank of Ireland, to the Certified Bank Director Annual Conference, Institute of Bankers, Dublin, 29 November 2018. * * *  Introduction I welcome the opportunity to address the Certified Bank Director Annual Conference.
In addition to taking responsibility for firm-specific strategies and risk management, it is essential that bank directors also understand the macroeconomic environment: after all, the primary driver of the aggregate performance of the banking sector will be the overall state of the economy.