On financial stability: regulators work in tandem  1/4  BIS - Central bankers' speeches  Now, let me go back to the second one-financial stability. Clearly, we do not regulate the stock market. We do not regulate the issuance of private bonds. We do not regulate insurance.
Financial stability is done by a committee chaired by me, and the other members of the committee are the chairman of the Securities and Exchange Commission and the chairman of the Insurance Commission. On price stability: month-on-month inflation figures paint an encouraging picture [Let us go] back to price stability. Well, if you look at that next picture, it seems alarming, right?