Importantly, your being here at the Graduate School of Banking today means that you have embraced high-road business models for your banks. We need bankers like you to remind us of the positive role that you and your institutions play and how you contribute to the revival of a financial system that serves the goal of common and widespread prosperity.
We welcome the discussions on the new tools and the introduction of the Policy Coordination Instrument, which could encourage countries to commit to and signal strong national policies. At the same time we believe that further work is needed in order to ensure an adequate and strong GFSN with the Fund at its center.