First, the fundamental responsibility of central banks for price stability should not be compromised. Second, central banks should have a lead, but not exclusive, responsibility for financial stability. Third, the boundaries of central bank responsibility for sovereign debt sustainability should be clearly defined.
We encourage bankers that have questions and concerns about home-host issues to promptly communicate with their regulators in all jurisdictions so that the issues can be addressed. Enterprise compliance risk management and BSA/AML I would now like to turn to another area of the financial sector that regulators are focused on: compliance-risk management.