A greater level of openness about how the Bank conducts its activities can help improve the level of public trust in our organisation: we believe that people will be more confident that we act independently and in the public interest if they have greater insights and understanding about what is going on inside the Bank.
To my mind it is clear that the  13  Angelini, Nicoletti-Altimari and Visco (2013); Angelini, Neri, Panetta (2014); Collard et al. (2013). 14  Of course, there are other channels through which MP can affect financial stability, such as via risk taking (e.g. Borio and Zhu, 2012).