I understand that for banks and supervisors to realise the full potential of Basel II, more work must be done on home-host issues. With respect to Pillar 1, we have resolved a number of concerns and have come quite a long way. The same vigour and energy needs to be applied to the home-host issues related to Pillar 2.
It is my hope and expectation that reconstitution of the Forum will re-energize the relevant financial sector development debate to effectively address emerging challenges in the financial markets and bring in new perspectives in the approach to financial sector growth in line with the Government policy to make Nairobi the Financial Hub for East and Central Africa. Meetings 10. The Forum will meet monthly.