The reform agenda as a training guide This seems to be an oxymoron: to ask banks to have skills and knowledge in place well before these competencies will be demanded by the changes in front of us. 2  BIS central bankers’ speeches  However, this investment in capacity is precisely what is dictated by today’s market landscape.
We need to anticipate change and by doing so, we allow ourselves the opportunity to parlay the uncertainties of change into opportunities that come with vigilance. There is then a convenient nexus between the agenda of reform and the dictates of capacitybuilding. From our perspective, nothing is more urgent than the policy agenda of pursuing financial stability and mitigating systemic risks.