I’ll conclude my talk with some general remarks on the global perspective on financial regulatory reform. Financial stability and financial integration Policy debates on the relationship between financial stability and financial integration have intensified in the past few years and the topic has become a high priority on the research agendas of central banks and academia.
Our banking system is solid and well-capitalized, our financial markets (including the interbank market) have not experienced any problems that required official intervention, and our external and public finance situation looks far more manageable than in many developed economies.