To those of you who are returning to Bahrain, it is a great pleasure to have you with us again. To those of you who are visiting Bahrain for the first time, we hope your visit will be a pleasant one and that it will be the first of many.
In this approach we make a clear distinction between prudential and conduct of business supervision. It assigns the responsibility for these inherently different objectives to separate authorities. This is not to say that this is the only way to address this challenge. It depends on the specific characteristics of the financial sector in a country which design is best suited.