Even though “repetition is the mother of learning” (“repetitio mater studiorum est”), according to the Latin proverb, we thought it would be to the benefit of everyone - and far more interesting - if there was a certain division of labour among ourselves.
The availability of an effective grievance  4  BIS central bankers’ speeches  redressal mechanism is essential as its absence could lead to loss of confidence in the financial system, prompting people to move away from it. This would be a serious setback to our financial inclusion initiatives.