While policymakers grapple with possible remedies, bankers and their supervisors can do their part by returning to the fundamentals. These include becoming more engaged in understanding the substance behind transactions and maintaining a healthy skepticism.
I am confident that the combined efforts of policymakers, bankers, and regulators will restore the confidence of the public and investors and will better prepare us to weather future cyclical downturns. 4  BIS Review 29/2001