18  See Written Ministerial Update: Financial Services Update For example, see Investment Association: Putting investment at the heart of DC pensions, Law Commission: Pension Funds and Social Investment Summary and DC Investment Forum: Barriers to Innovation in DC 20 Source: Investment Company Institute, Association of Investment Companies, ONS and Bank calculations 19  11  All speeches are available online at www.bankofengland.co.uk/news/speeches and @BoE_PressOffice  11  Small changes add up to serious money. The need for more equity finance creates a case for authorities to be ambitious in reforming the financial system to remove any biases against the patience that’s needed for many equity investments. Because that financial system could be the difference between a strain in our economic muscle that recovers quickly and a muscle tear that holds back economic performance for some time to come. Thank you. 12  All speeches are available online at www.bankofengland.co.uk/news/speeches and @BoE_PressOffice  12
16.11.2018  Welcome address at the Conference “Economic Policies, Trade Integration and Sustainable Job Creation. A View from the Mediterranean Countries” Banco de España and European Institute of the Mediterranean with the support of the Central Bank of Tunisia Pablo Hernández de Cos Governor  Good morning ladies and gentlemen. It is a great pleasure for me to be here in Tunis to welcome you all to this Conference on Economic Policies, Trade Integration and Sustainable Job Creation, jointly organised by the Central Bank of Tunisia, the Banco de España and the European Institute of the Mediterranean (IEMed). Let me start by thanking Governor El Abassi for his kind words and our colleagues from the Central Bank of Tunisia and the European Institute of the Mediterranean for their cooperation in organising this Conference. I would also like to congratulate Governor El Abassi and all the staff of the Central Bank of Tunisia for the 60th anniversary of this institution, created just two years after the independence of Tunisia. I wish to convey my best wishes for the future of this institution which, through the attainment of its of macroeconomic and financial stability objectives, can make a decisive contribution to the prosperity of the country and its citizens. Governor El Abbasi, I hope that this Conference will be an initial step towards permanent cooperation between our respective institutions.