Also, when I was in graduate school, I was able to study on the east coast of the United States thanks to a scholarship that had been newly established by a benevolent entrepreneur in Kyoto.
In recent years the blurring of the distinction between financial intermediaries under the combined effect of domestic and cross-border integration, innovations in instruments and processes, advances in technology and the massive volumes of capital intermediated by the financial system has necessitated a pro-active strengthening of the regulatory and supervisory framework.