Banks and Systemic Risk - Theory and Evidence

SPEECH - David Clementi, Deputy Governor of the Bank of England and a member of the Bank's Monetary Policy Committee spoke on 23 May at a conference of the Bank of England in London.

Introduction

I would like to begin by extending a very warm welcome to you all to the Bank of England and to this conference. It is a great pleasure indeed to be welcoming so many distinguished participants, both as speakers and audience members; I am confident that we have the right mix of academics, officials, and

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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