As we have said before, this Strategic Plan does not intend to reinvent the Bank or ignore its great achievements, but to recognize that the prestige gained is always exposed to new challenges and demands and that must be conquered day after day. Likewise, this is neither an exhaustive plan nor a list of the only relevant topics for the Institution, but a select set of actions that are necessary for achieving the expected results in the five focal points listed above. This plan represents a commitment that includes all of us making up the Central Bank of Chile, to enrich our main asset as a public institution: TRUST. Trust is a mirror against which we can be appraised with the eyes of the rest of the country. That trust, more than norms and laws, is precisely what sustains the legitimacy and autonomy of our Institution. Therefore, the new Congress and Administration that will assume their respective functions in March, will be met by a Central Bank that, using the competences and mechanisms granted by its Organic Law, will have updated its corporate agenda and will continue to be a crucial institutional player to generate the conditions of macroeconomic stability on which the country's progress is based. Thank you.
François Villeroy de Galhau: Insurance in a world of disruption Speech by Mr François Villeroy de Galhau, Governor of the Bank of France, at the 9th International Insurance Conference, Paris, 27 October 2017. * * * Ladies and Gentlemen, I am very happy to be here today as supervisor in my capacity as President of the ACPR, and also as guarantor of the smooth financing of our economy in my capacity as Governor. In these two respects, the insurance sector is both close to me and important to me. Thank you for inviting me to speak on this theme of disruption. To put it more clearly, and as you have pointed out, Mr. President [Bernard Spitz], the world is in turmoil in many ways. This undeniably represents a challenge for insurers, but also a motivation: the raison d'être of insurance has always been to be a vector of protection and stability in the midst of uncertainty. This morning, I would like to stress the essential role that insurance must play in our economy, by emphasising two areas: its financing and its digitalisation. But before that, I would like to mention the very recent developments in monetary policy. I. Our monetary policy is in itself a source of stability Yesterday, at the Governing Council presided by Mario Draghi, we took the important decision to reduce our net monthly asset purchases by half – to EUR 30 billion – until September 2018.