The banking system’s resilience was aided by a model of supervision, regarded by the IMF as a pillar of financial stability, which adheres closely to established international standards and is based on intense and strict oversight.
The IMF also recommended that steps be taken to improve the effectiveness of supervision in some specific areas: transactions with related parties, the requirement for shareholders and corporate officers to act honourably and professionally, and the power to impose corrective measures such as the removal of company directors and executives.