In aspeech on 'Financial Stability: Maintaining Confidence in a Complex World' given on 17, November Andrew Large of the Bank of England said he echoed the views expressed recently by Callum McCarthy, in his speech to the European Policy Forum. The FSAP is an important initiative aimed to create a single market, and it promises many benefits, Large said. But the implementation of such changes over a short period of time raises some concerns; and while considerable progress has been made in