In closing, I want to emphasize that no amount of regulation or intensive supervision will be able to catch poor financial conduct, malfeasance or unlawful activity, all the time. As Mark Carney, current Governor at the Bank of England, once remarked “virtue cannot be regulated.” I wish you all a productive Workshop. 2  BIS central bankers’ speeches
9 An excellent example is Tim Lampkin, an MVSU graduate. Tim grew up and graduated from high school in Clarksdale. After graduating from MVSU, he moved to  7  See, for example, Raj Chetty, Nathaniel Hendren, Patrick Kline, and Emmanuel Saez (2014), “Where Is the Land of Opportunity? The Geography of Intergenerational Mobility in the United States,” Quarterly Journal of Economics, vol.