•  Yesterday, a few speakers suggested leveraging our high reserve levels and the HSF to lure external fund managers to the IFC. If I am asked, I would urge great caution in making that link. In my view, you select Fund managers for their ability to deliver target returns given the country’s risk tolerance.
Yves Mersch: Monetary policy and financial stability under one roof Keynote speech by Mr Yves Mersch, Member of the Executive Board of the European Central Bank, at the 6th Policy Roundtable of the European Central Bank: “The future of global policy coordination”, Frankfurt am Main, 6 September 2013.