A financial sector that reliably and efficiently offers the services the community needs – the “handmaid of industry” – is a boon to growth and prosperity, and can play an important role in achieving the growth we want to see. 3  Available at <http://www.rba.gov.au/publications/submissions/fin-sys-inquiry-201403/index.html>. BIS central bankers’ speeches  5
However, to ensure smooth transition, sufficient time up to 2004 is given for banks to make appropriate provisions. This is a forward looking measure, and a change to meet global standards. Similarly, changes have been proposed in the measurement of capital for exposure purposes and in the level of exposure limit itself. These changes will also be applicable from a future date.