ContextSpeech at the Central Bank of Ireland's second Financial Services Conference in Dublin; the Bank of England protects financial stability and watches global fragmentation.
Why it mattersBailey defends open trade and finance against fragmentation pressures.
Problems raised
Pressure for economic fragmentation is growing.
Fragmentation of the financial system reduces efficiency.
Geopolitical tension threatens openness.
Solutions proposed
Defend open trade and financial markets.
Strengthen international cooperation on regulation.
