Let me also applaud my staff at RBM for compiling quality data used by Fitch in the rating exercise, some of which was supplied by National Statistical Office and Ministry of Finance. Finally, let me thank Casals and Associates through the Millenuim Challenge Corporation, for their financial as well as logistical support they have provided to make this Conference a success.
2  BIS central bankers’ speeches  As a consequence of the arguments mentioned above, it is futile to lay claim to an optimal solution for regulatory and supervisory activities, because these deal with a constantly evolving system along with an abundance of complex, partly unforeseeable interactions and, possibly, loopholes.