Just as disclosure is an important part of any prudential framework, it will have a role to play - hence the IMF’s Special Data Dissemination Standard and the BIS’ data on bank lending.
While the initial objectives have largely been met, it has become necessary to take stock of achievements and challenges so far. 3. Ladies and Gentlemen: in the last few years, the Central Bank has carried out comprehensive on-site and off-site review of the operations of forex bureaus.