This is the name of a painting by the late Spanish painter Francisco Goya. A beautiful, colourful souvenir with this very motto – “I am still learning” – is what Tommaso gave to his colleagues when he completed his seven-year mandate as a member of the Executive Board of the European Central Bank, in 2005. It was well chosen.
As boards take decisions, the Department of Financial Services could move to (i) a program role: for example, ensuring government programs such as PMJDY are well designed, appropriately remunerated to banks, and progress monitored (ii) a coordinating role: for example, ensuring financial institutions join a common KYC registry and (iii) a developmental role: revitalizing institutions like the Debt Recovery Tribunals through appropriate legislation.