I look forward to the day when we can meet in person again. But the need to invest in international cooperation can’t wait. And I know we’ll have some thoughtful and engaging conversation despite the virtual format. My hope is that we can take inspiration from the cooperation among researchers who developed effective vaccines against COVID-19 in record time.
The financial sector is different from other sectors, precisely owing to the systemic and contagion effects that a crisis would have on all the other sectors. It is thus in the interests of the individual citizen to support the decision to rescue a bank in difficulty, as the individual interest coincides with the public interest.