More sophisticated measures may consequently be needed to bring about a new wave of restructuring and technological progress in order to keep up with competitor economies. In this endeavour, issues such as good corporate governance, efficient competition, research and development and education policies will be increasingly important.
The Annual Report 2008, which as you know is my last as Governor, documents our activities and presents our annual accounts. Actions that were taken in response to the unprecedented crisis in both international financial markets and particularly the domestic financial system dominated our activities in 2008 and 2009-to-date.