Finally, it is worth noting that the Federal Reserve's umbrella supervision role closely complements our other central bank responsibilities, including the objectives of fostering financial stability and deterring or managing financial crises.
So the bottom line is that our role and responsibilities as central bankers remain intact in the globalised economy, but the performance of our tasks may be becoming more challenging. Concluding remarks For this reason, conferences like this one, bringing together academics and policy-makers from around the globe, are useful in developing common approaches to understand the fast-changing globalised world.