[16] See Mersch, Y. (2019a), “The changing role of central banking”, speech at the Lamfalussy Lectures Conference of the Lamfalussy Award at Magyar Nemzeti Bank, Budapest, 4 February; Mersch, Y. (2019b), “From Basel III to European banking regulation”, speech at the IIF 6th Annual European Banking Union Colloquium, Frankfurt am Main, 25 November. [17] See Stein, J.
In many of developing countries, this is a real challenge in that there are competing demands with regards to the utilization of scarce resources. The scarcity of resources is more critical in the law enforcement spheres, since most national jurisdictions have less than efficient law enforcement agencies which are in most cases overwhelmed by the demands to enforce other national laws.