Knowledge, learning, can also help to stimulate public spirit and increase social capital, both of value in and of themselves quite apart from the benefits to economic growth. In other words, investment in knowledge constitutes a crucial factor in social cohesion and welfare. BIS central bankers’ speeches  7
Minimum standards have raised levels of soundness and helped to create a more level playing field, and the continuing issuance of risk-management guidance improves defences at individual institutions. These efforts, including the work of the Joint Forum, should be sustained.