Achieving financial stability is not a destination but rather a journey. It is an on-going concern for both regulators given the continuous developments and challenge s in the economic environment. Presently, our financial sector is under the regulatory and supervisory purview of these two bodies. Currently, the asymmetry of information makes it difficult to evaluate the state of financial stability.
As the final resting place of risk is hard to observe, as regulators, we can at least try, through this collaboration, to track its passage through the markets. There are, therefore, compelling reasons for both authorities to  BIS Review 81/2007  1  strengthen collaboration with a view to improving the sharing of information relevant to their respective responsibilities.