In my view, a key task on the way towards transforming shadow banking into resilient market-based financing is now to identify areas where additional FSB recommendations are needed and where existing recommendations should be fleshed out. We have to drive this reform agenda with all our efforts. 4.
Senior Deputy Governor Wilkins and I are happy to be here to answer your questions about today’s interest rate announcement and our Monetary Policy Report (MPR). Let me begin as usual with a few remarks about the issues that were most important to the Governing Council’s deliberations.