From September to December 2006, we are reviewing aspects of a national discretion as part of an understanding reached at the GCC level, and we are also carrying-out consultation with UAE banks. In February 2007, a comprehensive Basel II training workshop is planned for all banks, to be conducted by KPMG.
ii)  Implementation of corporate governance standards  During this year, we worked on Corporate Governance, as it is an essential element for the successful implementation of Basel II. We held the first ever seminar on Corporate Governance for UAE Banks' Boards of Directors and senior management on 20th March 2005.