Nevertheless, I will venture one prediction that I don’t think is too bold, which is this: The values that have sustained and served the Federal Reserve at its best, and have permitted it to make critical contributions to the economic health of our nation during the past century, will continue to serve it and the nation well in the century ahead.
The Central Bank and Financial Regulator have held joint crisis simulation exercises and, more recently, these have involved the participation of officials from the Irish treasury. This is in addition to the normal Domestic Standing Group arrangements.