Any such response, however, will be made in the context of our continued commitment to an unchanged longterm mission--namely, the promotion of maximum sustainable employment through pursuit of price stability over time. The G-10 study of financial consolidation Let me now turn my attention to the topic of this afternoon's program, namely consolidation in the financial sector. The G-10 study had two primary objectives.
It attempted to isolate the effects of consolidation from those of other powerful forces transforming our financial systems and to identify key areas in which financial consolidation requires new or accelerated policy development.