We continue to discuss supervisory plans and findings for the insurance firms, extend invitations for joint inspection activities, and discuss common areas of supervisory focus. As you likely know, the Board is also working to develop a regulatory framework for its supervised insurance companies.
This is epitomised in the sentence “the crisis is global, the solutions need to be global”. In my view, international interdependencies are too large for purely national or regional rules to be optimal and there is a clear need to strengthen global governance, in particular in the financial field.