Thank you for inviting me here today. I returned last week from the G-20 meeting where most of the headlines focused on the macroeconomic issues facing the global economy. But today I would like to highlight the G-20’s major achievements and ongoing work on international financial stability and regulatory reform. I will also address some potential interactions between our regulatory agenda and the functioning of financial markets, including market liquidity, as well as financial inclusion and de-risking.
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