BIS Review 89/2008  1  In this demanding environment, boards and senior management need quality advice from sources that can be trusted and that can offer an objective viewpoint. Much of the focus of Sarbanes-Oxley in the United States and Basle Committee has been on the external audit function.
Our most recent assessment was that, with growth near trend, inflation consistent with the target, interest rates about average and an outlook suggesting more of the same, the setting of policy was about right for the moment. Of course, we continue to reassess things each month. My colleagues and I are here to respond to your questions. BIS central bankers’ speeches  3