We believe that sound macroeconomic fundamentals and ample FX reserves will help us counter the effects of the current energy crisis and globally tightened financial conditions.
In my opinion, a better approach is the plan by the G-20 to expand the perimeter of regulation. As a general principle, all financial activities that can pose a systemic risk to financial stability should be supervised and regulated. This will include pools of capital of material size, leverage, and maturity mismatches.