I also see, however, that the time is right for banks and other financial institutions, infrastructure providers, and utilities to work independently and, possibly, collaboratively, to yield a tougher, more resilient financial system. I am sure that regulators will support those efforts, and I encourage the accounting and auditing community to provide your professional support as well.
The accounting and auditing community has traditionally played an important role improving risk-management and disclosure practices. Whether manager, analyst, auditor, or adviser, CPAs truly are partners in the quest for greater financial stability. I appreciate the opportunity to share these thoughts with you today, and thank you for the important role you play. 4  BIS Review 91/2001