Minouche Shafik: In experts we trust?

Speech by Ms Minouche Shafik, Deputy Governor for Markets and Banking of the Bank of England, to Oxford Union, 22 February 2017.

The views expressed in this speech are those of the speaker and not the view of the BIS.

I am grateful for discussions with or comments received from Kristin Forbes, Anil Kashyap, Sujit Kapadia, William Moy, Onora O'Neil, Nick Stern, Martin Taylor and Sharon White. I would also like to thank Grellan McGrath, Dami Ayeko, Ankita Mehta and colleagues within the Bank for help in preparing this speech, though all views are my own. I would also like to thank Michelle Madden, Vicky Purkiss, Cheryl Gibb and Julie Welland for their excellent support during my time at the Bank of England.