The issues related to corporate governance have continued to attract considerable national and international attention in light of a number of high-profile breakdowns in corporate governance. This becomes all the more relevant for banks since they not only accept and deploy large amount of uncollateralized public funds in fiduciary capacity, but also leverage such funds through credit creation.
In some cases in Asia the IMF seems to have been rather late in seizing that chance. If the groups of creditors - as in the Mexico case - are more widely spread and heterogeneous, it may be more difficult to bring all the interested parties together around one table.