A regulatory framework that is hinged on maintaining the stability of the financial sector is vital to increase public confidence and trust; also definitive timely actions to abate the untoward effects of any market reaction to speculation.
The present review of the institutional framework provides a unique opportunity for introducing measures to enhance its effectiveness, from the provision of strategic guidance and impetus for the pursuit of enhanced cross-border cooperation and convergence of supervisory practices to the actual delivery of consistent supervisory processes on a day-to-day level.