Without blaming them for what occurred, more scrutiny from counterparties about how their FX transactions were being executed may have helped to reduce the incidence and severity of the market abuses that occurred in the past. FX transactions were sometimes regarded as ancillary to the core business, notwithstanding their potential impact on returns.
So far we have focused on a partial measure i.e. public expenditures - the amounts allocated out of the budgets of Federal or Provincial Governments. As a matter of fact there are three types of expenditures that are incurred.