Taking a broader view, an additional stimulus to growth in European countries will come, under appropriate conditions, from the enlargement of the Union to include central and eastern Europe and some Mediterranean countries. BIS Review 9/2001  5  Over 100 million people would be involved, about one quarter of the area's present population.
While it is sometimes tempting for those in the industry to view regulation as a burdensome imposition from outside, the financial crisis has been a reminder that markets need effective regulation if they are to operate properly. As a regulator, we at the CBB believe in creating a climate that encourages the development of a strong and sound insurance sector.