Corporate governance and disclosure To complement the above initiatives, the BSP has also been keen on promoting a culture of good corporate governance in the banking system. We have correspondingly issued appropriate regulations anchored on effective corporate directorship, sound audit and compliance systems, and enhanced disclosure in financial reporting.
4  BIS Review 105/2009  Let me close by emphasising that harmonised European card schemes are not only the piece still missing in the SEPA puzzle, but it would also be a crucial additional piece of the puzzle necessary for completing the European vision of a single market in general. Our currency, the euro, has made an important contribution.