The decades before the crisis were perhaps a period of relative calm. The aftermath of the crisis challenges us to look into the future, into the role of central banks over the next two decades. If only, because we need to bring our core functions more closely together, while preserving our independence where required.
Given our long history as an institution at the heart of society and our continuing dedication, I believe we have proved to be of immense value as a contributor to sustainable prosperity. And I am confident that we will continue to be so. I thank you for your attention. And I wish you all a fantastic conference. BIS central bankers’ speeches  5