Rising financial interconnectedness is building up systemic risks and the likelihood of financial contagion throughout the region. This requires supervisors to see the whole financial ecosystem and not just the individual trees. •  Second, changes to supervision are our protection against those gathering financial storms.
Supervisors must be brave enough to move beyond the compliance, tickbox mentality to being investigators, addressing the safety and soundness of financial institutions, whether or not such issues are covered in specific legislative requirements. •  Finally, every one of you in this room must be the desired changing face of supervision. Ladies and Gentlemen, our work has just begun.