I would like to emphasise the importance of harmonised approaches and regulatory regimes between domestic regulators. The principle that has to be emphasised is that, as innovations are reviewed and as regulatory frameworks are developed (where required and appropriate), regulators that are best placed to supervise certain activities should be given the task to do so. Regulations should be appropriate and purposeful.
Over the next two days, we will hear from you on how important you think  Page 8 of 11  this coordination and collaboration between domestic regulators is and what steps we can take to further improve such coordination and collaboration.