First, the coordinating role of the State Council Financial Stability Development Committee should be fully utilized, to make better overall plans in rolling out policy measures with proper strength and paces to generate synergy. Second, the two-pillar framework of monetary and macro-prudential policies should be enhanced.
Philip R Lane: Globalisation and innovation in finance - policy challenges Address by Mr Philip R Lane, Governor of the Central Bank of Ireland, at the European Financial Forum, Dublin, 24 January 2017. * * * Acknowledgements: I thank Camille Blackburn and Laura Moretti for their assistance in preparing this speech.