If the EU-27 financial markets deepen, diversify and expand across borders, there is a clear flipside: these developments will need to be accompanied by sufficient oversight and tools to avoid the build-up of risks in certain parts of the system.
Jerome H Powell: Welcoming remarks Remarks by Mr Jerome H Powell, Chairman of the Board of Governors of the Federal Reserve System, at the Ceremonial Swearing-in, Federal Reserve Board, Washington DC, 13 February 2018. * * * It is both humbling and a great privilege to be standing here today.