financial stability) committees. My first speech when I joined the Bank was on communication – with the tagline “I’m just a soul whose intentions are good, Oh Lord, please don’t let me be misunderstood” (courtesy of The Animals). I must say, somewhat immodestly, that looking back on it, it was rather prescient, or perhaps timeless.
And third, the role of macroprudential policy and how it can help us deal with shocks to the financial system. Almost six years on from the European Commission’s first proposal on EDIS, deposit insurance is still at the national level and there has been little ambition to change it.