The institution that these delegates created was very much  1  M. Wolf, "The World Needs a Tough and Independent Monetary Fund." U.K. Financial Times, (22 February 2006). BIS Review 26/2006  1  a creature of its time, and its roles and responsibilities reflected the experience of the Great Depression.
Last August the Government approved a reform package that is providing an important boost to the efficiency of the credit recovery mechanism. But more can be done. There is no real conflict between creditors’ and debtors’ rights: recovery times in line with international best practices ultimately lead to better conditions for bank customers and an increase in the availability of credit.