This is the essence of the prudential regulation of banks; the objectives of which are the avoidance of banking crises and the protection of depositors. These objectives are both clear and, other than in the most exceptional of circumstances, achievable.
In the remaining minutes I would like to take up, from this broad spectrum, a few issues that are related to the role of our Bank with respect to international financial crises. Understanding developments in international financial markets First, let me explain the monitoring activities of the Bank of Japan with respect to international financial markets.