The BIS and the Basle Committee will play their part both in implementation and in providing training and technical assistance to help countries bring their systems up to scratch. Although primary responsibility for overseeing implementation of the Principles falls to the IMF, the Basle Committee will be drawing up a compliance methodology for use by the IMF in its surveillance activities.
Quite the opposite, in fact – exchanging views and refreshing contacts is certainly doing something, and will ultimately also benefit your firms. I would therefore like to wish you a rewarding conference and thank you for being such an attentive audience. BIS central bankers’ speeches  9