The Financial Stability Board and the other financial standard-setting bodies, such as the Committee on Payments and Market Infrastructures which I chaired last week in Mexico, play an important role in keeping everyone together and ensuring that the new financial regulations are implemented consistently. Financial protectionism is a temptation that we all have to resist.
BIS central bankers’ speeches  1  Do you think that developments in the financial sector have made the world a riskier place? The financial sector is much more secure than in 2008 because the regulatory and supervisory environments have been much strengthened. The banks are smaller, their conduct has improved and they are better capitalised.