BIS central bankers’ speeches  7  that way they always had an important role in crisis prevention and crisis management, and it was natural that they took a wider interest in the risk management of the financial system as a whole.
It was only in recent decades that some came to see their role as being more narrowly confined to the inflation control function. What we are now seeing, I think, is a better appreciation of the broader original role. How is that playing out in practice?