Similarly, the temptation to pursue policy actions inconsistent with the objective – and hence renege on its commitment – may be diminished, because large or persistent deviations of inflation from the stated goal would be observed by the public and thus would be more likely to be called into question.
The Financial Stability Board (FSB) recently ranked nine insurers as global systemically important insurers (see link below). How important do you think this step is? Dombret: The publication of this first list of global systemically important insurers marks another step on the path towards a more stable financial system.