We are at an advanced stage of introducing other currency pairs for currency futures and are examining the issue of allowing plain vanilla currency options in consultation with SEBI. 64. Broadly speaking, the mandate for financial sector development should ideally derive from the regulatory assessments for each market.
*  *  *  Thank you for the invitation to participate in the 2004 Annual Convention of the Arkansas Bankers Association. Over the past two years, a considerable amount of time and energy has been expended in our country addressing corporate governance issues.