There was clear recognition that there needed to be greater inclusivity to effectively mitigate the damage of the financial crisis, which had clearly highlighted the vulnerability and the interlinkages of the global financial system.
The international response Let me now turn to the work undertaken by the international forums in which the Bank is an active participant (including the G-20, BRICS, and the Bank for International Settlements),  1  Globalisation and central bank policies, a speech by Lucas Papademos at the Bridge Forum Dialogue, 22 January 2008. 2  BIS Working Papers No.