I have attended most of these hearings since they started in their current form in May 1997, and have observed over that decade the way they have become a very important part of the monetary policy framework in Australia. I am sure that their importance will continue to grow in the years ahead, and I look forward to taking part in them.
5/8  BIS - Central bankers' speeches  Once again I express the hope, as I did on this very occasion a year ago, that the debate on the prudential treatment of individual risks will not be reopened, and that the overall compliance of European rules with international standards is ensured, in line with what was requested in September last year in a letter signed by the vast majority of governors and supervisors of EU Member States.