Having experienced the worst financial and economic crisis since WWII, we know that policies and policy coordination at a global level are needed. The most important areas on the global policy agenda are the reform of financial regulation and policies to address macroeconomic imbalances. On both fronts we have already made a lot of progress. But continued efforts are needed.
Equal regulatory treatment of financial institutions, regulating the shadow banking sector and structural reforms to improve competitiveness will be needed for a sustainable and stable economic and financial system for the future. I thank you for your attention. 4  BIS central bankers’ speeches