Responsibility for crisis resolution lies outside the domain of monetary policy and is up to supervisory and fiscal authorities. More precisely, while the SSM is to be entrusted with the analytical role performed inside the central bank, the SRM needs to take the financial and redistributive decisions that belong to the political sphere, when it comes to winding down non-viable banks.
I would like to praise most highly the impressive achievements of Asia Society not just in the economic sector but across the entire spectrum of culture, arts and policy. I expect Asia Society to play a greater role as an opinion leader for further development in Asia.