For example, in the prudential supervision of banks an important element is the registration process. This process is directed to ensuring that banks are established with appropriate governance arrangements and capability, as well as having adequate capital for the business to be undertaken soundly and so that plausible losses are able to be absorbed without disruption.
Limitations of the different regulatory and supervisory entities, in particular the cost, the availability and the allocation of resources, were also highlighted, with a specific focus on the need for such challenges to be understood both at the institutional and national levels.