As the regional and international system opens up and the Currency Union and its institutions have to contend with increasingly open and highly competitive systems we will have no choice but to engage in lateral arrangements across the Currency Union to create institutions of sufficient size, heft and influence to preserve a local presence in our own market place.
The way forward would therefore involve deep and objective reflection on the current situation and the options facing us in this new and very challenging environment. We need to identify the gaps in the current financial system which we need to fill, as well as the remaining impediments to the creation of a single financial space.