The transformation of publicly-owned banks into companies limited by shares followed, as provided for in Law 218 of 1990;  •  between 1985 and 1990, while the amendments to the law that would lead to the new Banking Law of 1993 were being enacted, administrative measures were adopted attenuating or eliminating the restrictions in fields such as branching, fund-raising and lending beyond the short term, and the creation of new banks.
The growth of individual banks was increasingly related, by way of solvency and gearing ratios, to the amount of capital they were able to bring into play;  •  starting in the early eighties, the quantity, the quality and the diffusion of the information disclosed by banks to customers and the market were enhanced;  •  by the end of 1988 the shift from direct administrative instruments to indirect market instruments in implementing monetary policy had been completed;  •  in response to the need to place growing volumes of public debt with domestic investors, steps were taken to create efficient money and bond markets.