Decisions on whether to conduct crosssector business or continue to focus on some businesses should be made by a financial institution after careful deliberation, based on its strength, development strategy and the specific characters of operation. V.  Central bank and regulatory authorities face challenges in the piloting cross-sector operation. First of all, the quality of supervisors should be improved.
Lastly, what needs to be done with respect, inter alia, to Basel Il; macro prudential regulation; International Financial Reporting Standards; mechanisms to address global market stability; and governance of remuneration/compensation schemes, securitization, and off-balance sheet operations are issues which require further debate. The post-lunch session is especially interesting as it brings a regional perspective to the fore.