I have tried to provide some examples of potential dividing lines, drawing on my experience and observations of the process in the finance track. Let me conclude this segment of the presentation by reiterating the point on which it began.
The US FSOC (Financial Stability Oversight Council), Europe’s ESRB (European Systemic Risk Board), the UK FPC (Financial Policy Committee) set up to carry out macroprudential policies since the crisis show that the central bank plays a leading role within the financial stability policy agencies.