Self-regulatory organizations also may find such an approach beneficial, particularly in this era in which SROs are being asked to assume more and more regulatory responsibilities. Incentive-compatible regulation essentially tries to harness the self-interest of market participants to achieve broader public policy goals.
Thank you again Kevin for the invitation to be here this evening and I take this opportunity to wish you and your families a Prosperous New Year. Official opening I now have much pleasure in declaring the refurbished Bank South Pacific, Nadi Branch, open. Vinaka vaka levu. 2  BIS central bankers’ speeches