Today, I would like to talk on these differences and focus on four aspects of risk management in central banks. 1. How should the central bank's mandate and responsibilities influence its risk management? 2. How should the risk management function be organized in relation to the policy and investment functions within the bank? 3.
How should the accountability and transparency requirements be taken into account in managing central bank risks? 4. How can financial regulation help the risk management of central banks? I will conclude by collecting some lessons we have learned during the turbulent, but certainly instructive years since 2008.