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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