Adoption and  2  Dr. Alan Bollard, Corporate governance in the financial sector, Christchurch, New Zealand, 7 April 2003. 3  Mark W. Olson, Business Trends and Management Challenges for the Banking Industry, Annual Economic Outlook Conference, Middle Tennessee State University, Murfreesboro, Tennessee, 16 September 2005. 4  Enhancing corporate governance for banking organisations, Consultative document issued by BCBS, July 2005.
5  Malcolm D Knight, Banking and insurance regulation and supervision: Greater convergence, common challenges, Madrid, 22-23 September 2004. BIS Review 6/2006  3  implementation of these principles are likely to pose a great challenge to both the banks and the Reserve Bank. Outsourcing risks 13.