The mentality of “we comply” for compliance sake cannot sustain a business for long. I remind you of another anniversary, but this one of a much more recent event. Two weeks ago yesterday, we informed the Kenyan people of the action we took against some of you because of non-compliance with integrity laws. Make no mistake – it was not easy.
Second, the establishment of CMU will allow businesses to enjoy a greater range of funding choices and help reduce the link between a firm’s location and its cost of funding. In Europe,  1  2  IMF (2013), “Towards a Fiscal Union for the euro area: technical background notes”, September 2013.