Susan Schmidt Bies: Implementing Basel II - choices and challenges Remarks by Ms Susan Schmidt Bies, Member of the Board of Governors of the US Federal Reserve System, at the Global Association of Risk Professionals' Basel II & Banking Regulation Forum, Barcelona, 16 May 2006. *  *  *  Thank you for the invitation to speak here today.
Particularly in the aftermath of the global financial crisis, major overseas economies have become increasingly attentive to the flexibility of monetary policymaking by laying out the importance of paying due attention to the stability of the financial system.