All of these issues are yet to be clearly defined, let alone resolved. Given that the lessons of the crisis relating to financial stability have been forceful, it is important that governments and central banks resolve these questions soon. Fourth challenge: Managing the costs and benefits of regulation 32.
And indeed the brief but very significant visit by the Deputy Managing Director of the IMF, Mr. Agustins Carstens, not only provided a strong sign of confidence on the Government’s economic management, but also gave us the opportunity to discuss further technical assistance in various areas of the Bank’s operations.