As is usual at MAC meetings, the format will involve the presentation of a Report of our Technical Officials, followed by a discussion of the issues raised in the Report. Our technical staff have worked extremely hard over the last four days and produced a very comprehensive Report. I commend them for a job well done.
Fellow Governors, I believe you  BIS central bankers’ speeches  1  have already received a brief on the issues in the technical Report from your technical staff this morning. Without wishing to pre-empt the discussions, I would like to briefly highlight the following issues which I think merit particular attention today.