SPEECH  Globalisation and monetary policy         Speech by Philip R. Lane, Member of the Executive Board of the ECB, at the University of California Los Angeles, 30 September 2019 It is a pleasure to contribute to UCLA’s Master of Applied Economics Distinguished Speaker Series.
Moreover, the agreement provides a definition of common equity that will prevent firms or national regulators from including in the calculation of common equity certain assets that could dilute its lossabsorbing character.