In April this year, after preliminary work spanning over two years, we took the bold step of publishing our CAMEL ratings of banks. At first, this initiative did not appeal to our bankers, but it favourably impressed the IMF Article IV Consultation Mission of January 2012, which did not hesitate to qualify it as a première in Africa.
Today, the half-yearly publication of the CAMEL ratings seems to have been widely accepted in the country and forms an integral part of our framework for the public disclosure of information on the banking sector. We pursued our efforts to enhance supervisory cooperation and information-sharing with other countries.