Although this is the first guidance on Pillar 2 issued by the U.S. agencies, the supervisory review process described in the guidance is a continuation of the agencies' long-  2  BIS Review 18/2007  standing approach to bank supervision. However, some aspects of existing supervisory practices are being augmented or more clearly defined to support the proposed Basel II framework.
4  BIS central bankers’ speeches  Needless to add, financial inclusion protects the poor from the clutches of the usurious money lenders. The extent of financial exclusion is staggering. Out of the 600,000 habitations in India, less than 30,000 have a commercial bank branch.