6  Rehypothecation of fully paid customer securities held by broker-dealers not only permits a kind of money creation by broker-dealers, it also can put the securities of the customer at risk, as was seen after the Lehman failure, when some clients found that their securities had been reused by the firm's London office in a way that made them difficult to reclaim.
The wide-ranging themes covered by the speeches – monetary policy, external sector management, issues in the financial sector and the real economy, economic development and poverty reduction, regulation of banks and financial markets and challenges of managing economic policy in a globalizing environment – are a reflection of the broad mandate of the Reserve Bank and its enduring concern for the larger public good.