I would like to thank Policy Exchange for the invitation to speak with you today.1 Engagement abroad is essential for gaining a better understanding of the common forces shaping the global economy and financial system. It also promotes a better understanding of the drivers of differences between the economic and financial environments across countries and jurisdictions. My remarks will offer some perspectives on recent developments in monetary policy and bank regulatory policy—specifically, bank capital reform—in the U.S. These are two areas in which I am actively engaged as a member of the Board of Governors of the ... (full story)