Further, there are seven themes which appear critical to their medium-term strengths comprising Business Strategy, Financial Reports and their Integrity, Risk, Compliance, Customer Protection, Financial Inclusion and Human Resources. All other items for discussion should be brought to the Boards by exception and should typically be discussed in committees of boards.
As regards the current monetary situation, exchange rates are close to their central rates in all the prospective EMU countries, led by market forces. Likewise, long-term interest rates have converged closely as a result of market expectations, and most of the key central bank rates - as well as short-term market rates - have moved into very close alignment.