Therefore, the regulatory authorities must provide the industry with proper incentives to invest in risk-management systems that are necessary to compete successfully in an increasingly competitive and efficient global market.
Richard H Clarida: US economic outlook and monetary policy Speech by Mr Richard H Clarida, Vice Chairman of the Board of Governors of the Federal Reserve System, at the Washington Policy Summit, sponsored by the Institute of International Finance, Washington DC, 11 April 2019. * * * Thank you for the opportunity to participate in the Institute of International Finance's Washington Policy Summit.