Introduction
Good Morning and welcome – whether you're in the room virtually or physically – to our first Financial System Conference.
The conference is designed to bring together diverse perspectives from the Central Bank of Ireland's wide range of stakeholders – including industry leaders, consumer representatives, and policymakers from Ireland and across the EU – to discuss and debate the forces shaping the financial system.
I am looking forward to hearing different views, perspectives and challenges over the coming two days.
My main task this morning is to open the conference and introduce its key themes. I also want to talk about the Central Bank's regulatory philosophy – our approach to regulation – and touch on one of the areas of risk that have been a constant and growing theme since I became Governor.
The philosophy of finance
Now, before I talk about our regulatory philosophy, I want to start with philosophy more generally.