In conclusion, Ladies and Gentlemen, it is worth noting that the potential to expand financial inclusion is still huge and mobile phone technologies are proving very useful in this front. At the end of this programme, I expect the unrivalled Africa’s pace of adoption of mobile phone financial services to be upheld.
The agencies remain open to considering the full set of possibilities for Basel II. We continue to seek comment on whether some form of the Basel II standardized approach should be adopted in the United States.