What do these principles imply, indeed, for the governance of central banks at national level? Will they help to provide a new more relevant architecture, to ensure the resilience we shall need, to confront the looming crises of confidence and sustainability in our region and beyond?
For as A P Herbert, that wit and lawyer of yester-year, once remarked: “The critical period in matrimony is breakfast-time” The cyber-state Financial services and their ICT dependent back-up are rapidly becoming the over-riding powers in our economies. Our leaders here refer to our “cyber” city. Now that word “cyber”, derives from the Greek, meaning “steersman”.