Concluding Comments Asia has suffered a shock which, by any historical comparison, is severe. Recovery from that shock will take time and perhaps the most useful thing that can come from the experience now is to extract the available lessons and try to ensure that recovery is sound, durable and less susceptible to such crises in future.
This has been the Central Bank’s first public stakeholder event on regulation and we have tried to involve a wide spectrum of participants and guests. We take this wider perspective on stakeholder engagement because the financial crisis has impacted significantly on all sectors of Irish society and greatly increased public awareness of, and interest in, financial supervisory issues.