It must come with the trust of the constituencies regulators serve, and the trust of those whom our decisions affect. The FSB is a 1/4  BIS central bankers' speeches  conduit for this trust, as it is accountable to the G20 and to the nations and people the G20 leaders represent.
We have an obligation to make the most of that conduit, by engaging in genuine, substantive dialogue with a wide range of stakeholders, to a greater and more effective degree than in the past.