In many cases we find that the discovery that stocks have been clandestinely sold, diversion to related parties and siphoning off of funds have taken place and documents provided had been fabricated, is made after the account shows stress and becomes an NPA. Any action taken at that stage is as useful as locking the proverbial stable doors after the horse has bolted. 26.
Within the Bank we are looking to the team of Governors to debate major policy matters leading to decisions, and increasing the frequency and scope of our on-the-record reporting. 4  BIS central bankers’ speeches