Our policy of building and maintaining an adequate level of reserves while at the same time constraining debt, especially short-term debt, will continue though we would continuously monitor the international debate in this regard. Maturity Pattern In many emerging countries, with deregulation and liberalisation, adequate attention has not been paid to the maturity profile of the external debt portfolio.
Regulatory, supervisory and financial stability matters Turning to regulatory and financial stability matters, the global financial crisis has necessitated, among other things, a serious regulatory reform agenda in order to address the excesses of the period leading up to it; anchor future economic growth and ensure a sound regulatory and financial stability framework.