We all have something to gain from this. In truth, the more complicated and dense the regulatory framework, whether in banking conduct or in combating money laundering and terrorist financing, the more intrusive and principle-based the supervision should be, and the more important the dialogue with the sector’s representatives.
It was exactly with this in mind that in 2011 Banco de Portugal created the Forum for Banking Conduct Supervision, in which ASFAC has been an active participant from the start. The road travelled since then has reinforced the wisdom of that decision.