However, if these policies introduce any vulnerability in the financial system there is need to address this through appropriate macroprudential and microprudential regulations. 67. Based on the assessment and experience, further liberalization measures for expanding the product menu could be undertaken.
However, participation of foreigners in new products and the financial markets in general would continue to be dictated by the capital account management and financial stability imperatives. 68. Thank you. I wish the conference all success. BIS Review 1/2010  15