I once again thank the organizers for the opportunity provided to me and appreciate the patient hearing given by the participants. I hope that the delegates present at the Conference would reflect on the messages /concerns that I have tried to convey this morning. I hope the Conference would deliberate on these issues and come up with practical solutions to the present/impending challenges.
Changes to the regulatory environment should reflect that. Given the current downturn and the volatility of financial markets, it is imperative that the timelines for regulatory reform agreed by the G20 in the autumn of 2008 are met.