I hope that our conference will help stimulate further research into forecasting. The diversity of modelling approaches as well as their empirical testing enriches the wealth of experience  3  See Knüppel, M and G Schultefrankenfeld (2008), How informative are Risk Forecasts? An Examination of the Bank of England’s Risk Forecasts, Bundesbank Discussion Paper 14/2008.
After much analysis and discussion, we came to the view some time ago that there was, in fact, an overwhelming case for regulation of some parts of this market, and that competition, such as it was, would not lead to an optimal outcome in terms of the public benefit.