BIS Review 99/2008  1  Given all these developments, it was apparent that major reforms were needed to enable the central bank to rectify the problems within the financial system and instil confidence in the economy.
I acknowledge the support from the Government, and the strong partnership between the key collaborating institutions in funding and organizing the FIS. This year’s FIS theme improving the quality of cross-border financial flows for better decision making is quite relevant to our circumstance and in the context of the current global developments, which I will shortly turn to.