2  BIS Review 153/2008  RESTART has wide support in the industry, and the project is receiving input from a wide range of market participants, including investors, mortgage originators, loan servicers, credit bureaus, credit rating agencies, MBS trustees, legal counselors, and data vendors.
In my talk today I will put aside broader considerations such as democratic accountability and consider these questions as they bear on the ability of central banks to make monetary policy more effective and to improve macroeconomic performance.