consumer that supports their endeavours to achieve their basic needs. these range from educational rights to ensure informed decision making on the part of consumers to the rights of individuals to raise views on matters of concern to consumers. the choice of a variety of quality goods and services at competitive prices has also been identified by national consumer forum as one of the fundamental rights of consumers. the mandate of the bank of maintaining price stability, that is keeping inflation at low levels, goes a long way toward ensuring competitive pricing practices in the south african economy. i thank you.

that we authorise amount to €2. 3 trillion euro, while we also gather information on other entities such as special purpose vehicles. we use our data to actively contribute to the shadow banking monitors published by the financial stability board and the european systemic risk board. we also have published numerous studies on the characteristics of the investment funds and special purpose vehicles that are located here. since we also adopt a data - intensive approach to the supervision of investment funds here, we find that there are significant analytical complementarities across our different central banking and regulatory functions in advancing our understanding of international financial flows. our internal international financial data working group ( ifdwg ) provides a forum for the different teams working on these issues to share analytical insights and receive feedback on work in progress. the increasing prominence of global firms in the international financial system also means that there are now significant crossovers between the international financial data and the national accounts. while this is also true for other countries with large multinational sectors, this phenomenon is especially acute in ireland. the main issues relate to internationally - mobile 1 / 3 bis central bankers'speeches capital assets such as intellectual property and aircraft : the relocation of these assets across borders triggers shifts in the national accounts and the international financial accounts. developing new analytical and accounting frameworks that address this issue should be a high priority for the international statistical system ; there may be some lessons from the modified national income and modified current account measures that were introduced here last year. let me now turn to the policy challenges facing the central bank of ireland in maintaining domestic financial stability and protecting consumers in a financially - globalised world. in relation to the banking system, the european system builds resilience by requiring banks to maintain sufficiently - high capital and liquidity ratios. at the national level, we can add an extra capital buffer ( the counter - cyclical capital buffer ) if we assess that there is a risk of excessive credit growth. we also have introduced borrower - based measures in the form of ceilings on loan - to - income and loan - to - value ratios in the mortgage market. these mortgage measures make the banks safer, while also protecting consumers from over - indebtedness. we review the calibration of all of our macroprudential measures on a regular basis in order to stand ready to respond in an agile manner to shifts in the distribution of financial stability risks. at this point, it is also necessary to remind you that cross - border financial flows can also take form of equity investments