Mark Carney: True finance - ten years after the financial crisis

Speech by Mr Mark Carney, Governor of the Bank of England and Chair of the Financial Stability Board, at the Economic Club of New York, New York City, 19 October 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

I. INTRO

Last week, global financial policymakers gathered in Bali for the Annual Meetings of the IMF and World Bank.

These meetings came a decade after the global financial crisis, two decades after the Asian crisis, and three decades after the Latin American debt crisis. Anyone spot a pattern?

Despite the past decade of financial reform, many are asking whether anything has really changed.