Regarding booking models, there are still a small number of banks that have not fully adjusted in line with our expectations. Again, it looks as if some banks are not as adaptable as supervisors would like them to be. The good news is that even these banks have now started to take action.
In my lecture today though, I will speak about communication in a broader context – not just with reference to monetary policy but also encompassing other dimensions of the Reserve Bank’s mandate such as, for example, regulation and supervision, currency management and external sector management. BIS central bankers’ speeches  1  Alan Greenspan – the doyen of communication! 7.