Distilling our supervisory approach and objectives into a few lines is relatively straightforward. Delivery of the approach, and for regulated firms to be operating in line with our objectives is less 1/7  BIS central bankers' speeches  so, particularly in the context of the continued developments and changes to regulatory frameworks, which I will come onto in one moment.
Nonetheless, it is what I expect of my teams, and it is what I expect of the firms that we supervise, whether they are focused on the domestic economy or internationally focused. In the 10 years since the onset of the financial crisis, multiple reforms have sought to address the root causes of the crisis and other issues.