Moreover, the envisaged cooperation between the IMF and the FSB for the conduct of Early Warning Exercises will be crucial for the success of the global monitoring of systemic risks. Second, we need to undergo global regulatory and supervisory repair.
I would also like to congratulate the Central Bank of Barbados for organizing this Seminar which, based on this morning’s proceedings is an excellent forum for the exchange of views and for building trust between the Central Bank and the financial sector. Governor Worrell invited me to speak on whatever topic I wished.