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.
This article was written by Adam Button at www.forexlive.com.
