Rather, what it has done is highlight the importance of sustainable growth and the need for supportive policies – in financial regulation, but also in many other policy areas. 4. Conclusion  Ladies and gentlemen, the events and implications of the current financial crisis have clearly demonstrated how vulnerable our financial system has been.
The necessity of reform cannot be denied, financial stability has to and will be reinforced. However, as said earlier, enhancing financial stability is not an end in itself nor is it an obstacle to growth. Rather, it is a major prerequisite.