It was also generally believed that it was not the duty of central banks to deal with financial stability risks.
Burkhard Balz: How is Brexit transforming the global financial landscape? Speech by Mr Burkhard Balz, Member of the Executive Board of the Deutsche Bundesbank, at the 2018 Bavarian Banking Day (Bayerischer Bankentag), Munich, 9 November 2018. * * *  1 Introduction Mr Diederich, Ladies and gentlemen, I would like to thank you very much for inviting me to Munich.