Philip Lane on systemic risk, transparency and Brexit

Philip Lane

When you began the job of governor, what advice did your predecessor, Patrick Honohan, give you?

Probably the most important thing was: “It’s up to you. Don’t feel bound by prior decisions if you want to move in different directions.” It was very nice to hear that. Beyond that, we were long-time collaborators, since the late nineties. So I absorbed my example from his period in office, rather than from any direct advice.

Was it important that you had policy experience, from the European

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