You and the firms that you represent are to be commended for persevering even in the face of great personal grief and professional stress, which may persist long into the future and, for many, will never be put entirely right. Our topic today is risk management, and I will turn to that shortly.
Along the way, stability-oriented policies have also directly improved the well-being of households, inter alia, by supporting the purchasing power of their income and savings. BIS Review 40/2006  1  Three key principles have been of paramount importance to the success of the single monetary policy: independence, transparency and credibility.