Government resources are still largely managed in silos, and coordinating government agencies, philanthropy, and the private sector to meet the needs of local communities requires extraordinary commitment and effective leadership. But persistence and effort pay off. The holistic approach has the power to transform neighborhoods and, as a result, the lives of their lower-income residents.
I fully trust Chinese authorities to continue upgrading financial sector supervision and cooperate closely in order to safeguard overall financial stability. Thank you for your attention. 2  BIS central bankers’ speeches