[19] Competition policy has an important role to play in ensuring that markets are contestable. Fiscal policy needs to be carefully designed such that market entry and exit are not impaired. Supporting firms that are not viable in the long-run may eventually have a negative effect on the balance sheets of financial institutions and impact their ability to finance the transition.
2  BIS central bankers’ speeches  On the positive side, we can be proud to be recognised to be at the forefront of governance and was ranked number one in the following areas: •  Strength of Auditing and reporting;  •  Regulation of securities exchange; and  •  Efficacy of corporate Boards.