My address would, therefore, concentrate on the second dimension and select aspects of public policy. Achievements of Public Policy in Financial Sector It is necessary to recall our achievements in the filed of public policy. First, public policy has ensured the development of multi-institutional structure in the financial system.
The main argument for this structure is that the international financial institutions already send missions to almost all countries in the world. However, it is generally acknowledged that the Basle Committee possesses great expertise in bank regulation.