And there has been remarkable progress on the difficult and unglamorous task of establishing workable resolution regimes that are consistent with the FSB’s clearly defined principles. While we must still work to ensure full, timely, and consistent implementation of the agreed reforms, it is time for the FSB to turn more of its energy and attention to the future.
Since I was here over a year ago, the pace of economic recovery in Mexico has strengthened, even surprising on the upside, slightly exceeding mainstream forecasts. However, some risks that I exposed then still remain today, notably those related to the world economy, while others associated with domestic concerns have surfaced.