This being the case, the theme of our conference, “Macroprudential Regulation and Policy”, will be viewed with intense interest by central banks and regulatory authorities responsible for financial stability. I am sure that the invaluable comments and policy proposals raised during this week’s conference will be of great help to central banks and those in charge of government policy throughout the world.
Lessons of the global financial crisis The global financial crisis that we are witnessing is the greatest shock to the world economy since the Great Depression of the 1930s, in terms both of its intensity and of its duration. Even now the financial markets have not fully recovered to their pre-crisis level of activity.