It is the reality of human nature. By the way, these thoughts are not the rantings of a single Governor of a central bank. The issues are well understood. They in fact dominated the recent Kansas Federal Reserve Bank Economic Symposium I attended in Jackson Hole, Wyoming, only a couple of weeks ago.
1/2  BIS - Central bankers' speeches  The insurance market in Ireland is the sixth largest in the European Union1 and we host the third biggest funds jurisdiction in the world and the second biggest funds jurisdiction in Europe2. Global regulatory and supervisory standards are critical for effective oversight of the sector.