Regulation however requires a sensitivity to the stage of development of the market and to the norms of market behaviour, and emerging and embryonic markets may require that a balance be struck between the need for markets to achieve rapid development and the need for these markets to remain stable.
It is a privilege for me to be here with you tonight and I would like to thank you for inviting me to be the speaker at this gala dinner. At the same time, I am aware that it is a challenging task to stand between an audience and the first course of the meal.