And that takes me to our review of the LVR policy and its effectiveness by looking at the implications for financial stability, financial system efficiency and other public policy objectives.9 Our analysis showed that as a result of introducing the LVR policy, resilience of the banking system has increased.
Even as the judicial process relating  BIS central bankers’ speeches  1  to this alleged fraud is still under way, the big question is in what ways was this a failure of corporate governance and how are we fixing those lacunae?