We are not in a popularity contest. I am going through the details of how we do what we do, so you can have confidence not just in the Central Bank, but in our financial system. When you walk out of here today I want you to leave feeling convinced the people in the Central Bank tower are not asleep behind the wheel.
2|3  Making CCP supervision and oversight more granular  Increased central clearing and improved safeguards for CCPs contribute not only to the safety but also to the efficiency of the financial system, given the benefits of central clearing in terms of greater collateral efficiency and market transparency.