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International Monetary Fund

Born in Paris in 1956, Christine Lagarde completed high school in Le Havre and attended Holton-Arms School in Bethesda, Maryland (USA). She then graduated from law school at University Paris X and obtained a master’s degree from the Political Science Institute in Aix-en-Provence. After being admitted as a lawyer to the Paris bar, Lagarde joined the international law firm of Baker & McKenzie as an associate, specializing in labor, antitrust, and mergers and acquisitions. A member of the Executive Committee of the firm in 1995, Lagarde became the Chairman of

JOHN W. MOSCOW

I n considering the rule of law in the world, I bring to bear a perspective that is uniquely my own, with a background that not everyone here shares. I am not a banker, nor a bank regulator. I do not work for a Fortune 500 company, a trade association, or an international law firm. Rather, I am an assistant district attorney in Manhattan—New York County, to use its official name—charged with prosecuting those crimes and offenses committed in the 22 square miles of the county, or within the county’s jurisdiction as defined, a very different matter indeed

International Monetary Fund. Communications Department

Abstract

Address at the Bank of England Twentieth Anniversary Conference London, U.K. September 29, 2017 International Monetary Fund Managing Director Christine Lagarde delivered this address at the Bank of England conference, “Independence—20 Years On” in London, U.K., on September 29, 2017.

International Monetary Fund. Middle East and Central Asia Dept.

medium-term fiscal consolidation in the context of the IMF program, sound banking sector, and external partner support. Completion of prior actions for the First Review : On October 25, NEPCO accepted an offer of a reputable international law firm to undertake a comprehensive review of the most significant PPA . The review will: (i) ascertain the contracts’ financial implications for NEPCO; and (ii) assess whether the project was in line with international best practices for negotiating and contracting PPAs, identify any governance concerns related to the

International Monetary Fund. European Dept.

and Finance; Bank of Italy; Ministry of Economic Development; Ministry of Labor and Social Policies; Ministry of Justice; Ministry of Public Administration and Simplification; Fiscal Council; Association of Italian Labor Lawyers; Association of Municipalities—Fondazione IFEL; major Italian and international banks; major Italian and international law firms; the Securities and Exchange Commission (CONSOB); Social Security Institute (INPS); the Antitrust Authority; Consiglio Nazionale Forense; High Council of the Judiciary; Insolvency Court; Supreme Court; Special

International Monetary Fund. European Dept.

officials from Ministry of Economy and Finance; Bank of Italy; Ministry of Economic Development; Ministry of Labor and Social Policies; Ministry of Justice; Ministry of Public Administration and Simplification; Fiscal Council; Association of Italian Labor Lawyers; Association of Municipalities—Fondazione IFEL; major Italian and international banks; major Italian and international law firms; the Securities and Exchange Commission (CONSOB); Social Security Institute (INPS); the Antitrust Authority; Consiglio Nazionale Forense; High Council of the Judiciary; Insolvency Court

International Monetary Fund. European Dept.

Governor Visco, Public Administration and Simplification Minister Madia, other senior officials from the Prime Minister’s office, Ministry of Economy and Finance, Bank of Italy, Single Supervisory Mechanism, Ministry of Economic Development, Ministry of Labor and Social Policies, Ministry of Justice, Ministry of Public Administration and Simplification; Fiscal Council; Association of Italian Labor Lawyers; Association of Municipalities—Fondazione IFEL; major Italian and international banks; major Italian and international law firms; the Securities and Exchange Commission