*  *  *  It is with great pleasure that I have accepted the invitation of the Atlantik-Brücke to give this year’s Arthur Burns Memorial Lecture. This lecture series is not only dedicated to an outstanding central banker but it has also had a history of eminent speakers in past years.
Therefore, I would like to thank the Atlantik-Brücke for inviting me, and I also greatly appreciate the hospitality of the Bundesbank. Tonight, I would like to offer some thoughts on transforming the international financial architecture to meet the challenges of globalisation.