Overlapping mandates and activities tend to waste resources due to double work and – which is even more important – blur responsibilities. 3. Within these clear and non-overlapping mandates the different international organizations should develop appropriate cooperation procedures to make their work consistent and to arrive at highly efficient results. 4.
Finally and most importantly, what will be the cost of boring banking in economic terms? Does restraining banking to its core function just to keep it safe not mean forgoing opportunities for growth and development?