And even if top managers feel confident enough to engage with our supervisors in English, our inspections regularly look in-depth at departments where the home language prevails, for example when we look at documentation. This gives domestic inspectors a natural advantage in their jobs.
If we want to further reduce potential instances of “home bias", we therefore need to target those language barriers for foreign inspectors and supervisors. For the SSM, this means 2/6  BIS central bankers' speeches  we need to strengthen our efforts to boost the language skills of our supervisory staff.