In this context it is timely that I have been offered this opportunity, at the start of my time in Ireland, to discuss the evolving nature of financial supervision at the Central Bank.
I will do so by stressing, at every turn, the interplay of the domestic and the international sides of these issues, as I believe that they are equally important, and equally present on your mind and on ours. Financial supervision operates on several levels. The first and most ambitious one is systemic: to provide, or at least significantly contribute to, financial stability.