This speech is focused on managing financial crisis'.
- Clear external communication, when grounded in a realistic assessment of the situation, can calm markets and reassure the public about the strategy
- Leaning on experts who engage in broader monitoring of financial markets and engage in outreach with well-established contacts can be important.
- Financial crises come about because of a lack of confidence in counterparties and among other participants in the financial system
- I have learned that the best crisis management occurs beforehand, by strengthening rules and norms and other structures meant to reduce the risk of a crisis in the first place and by fostering organizational values and culture that will help manage a crisis when it comes.
