The lineup of speakers, which includes my Federal Reserve Board colleague, Governor Brainard, is impressive. She and others will delve deeply into the important research questions and other issues facing community banking. My role today is to welcome you on behalf of the Federal Reserve Board.
Therefore in economies with high levels of FX loans monetary policy has less room to behave counter-cyclically. Because of that we, central bankers are interested in limiting currency mismatches in the balance sheet of domestic market participants.