2  BIS central bankers’ speeches  As the prime regulatory agency, the Central Bank has a sacred responsibility to ensure that your members can sleep peacefully at nights, secure in the knowledge that their life savings in credit unions are well protected by sound management, effective governance and strong prudential oversight.
We have made strides on harmonization of: monetary policy frameworks, exchange rate policies, rules and practices governing bank supervision, financial accounting principles, payment systems and policies and standards on statistics. A number of national laws are also being harmonised.