I would also like to applaud your own work and recommendations on transparency and disclosure issues in the securitisation markets. The responsibility of identifying areas of improvement and providing useful disclosures allowing investors’ accurate assessment of the risk/return profile of financial institutions clearly rests primarily with the industry. 6. Final remarks  Let me finally offer you some concluding remarks.
A lack of trust weakens the central bank and makes it vulnerable to political pressure. So central banks, like all institutions, need to build social capital. There are many definitions but I like to think of social capital as “the social connections, attitudes and norms that contribute to societal wellbeing by promoting coordination and collaboration between people and groups in society”15.