•  Maintain the emphasis on information exchange: There is already a pronounced effort to make existing mechanisms of information exchange more meaningful, such as Memoranda of Understandings (MoU) between home and host countries. This was a principal aim of the SADC Subcommittee of Banking Supervisors (SSBS) initiated in 2006 6.
For the sake of fairness, one should also mention that the reduction in some of the pre-crisis developments is not necessarily a positive change – for instance, the severe decline in the securitisation market (globally from almost USD 5 trillion in 2006 to USD 1 trillion in 2009, which was less than in 2000) has been blamed for the continuing reluctance of banks to  20  Peek, J., and E. Rosengren, 1997.