Even so, Mexico and Thailand reported ratios of 10.5 per cent and 7.7 per cent in the year before their economic crises. BIS Review 32/1998  -4-  requirements. We tend to take a lot of this for granted, but it is very important that they be up to best international practice.
Again, we should not feel too superior to our Asian neighbours in this respect; it takes decades or more to develop these, and as recently as the late eighties we still had some glaring deficiencies. I think we are now at international best practice, but it still involves continued improvement to stay there. 4.