Globalisation and financial stability and the role of central banks  A second set of important issues I would like to briefly address concerns the potential effects of financial globalisation on financial stability. The safeguarding of financial stability is an objective embedded, to varying degrees, in central bank statutes, reflecting national or area-wide institutional arrangements.
And the € billion capital investment from the taxpayer into the Irish banking system represents a staggering 1,409 times the current year costs of banking supervision;  •  A second element is a strong set of powers, such as is currently being adopted in the Dail.