That the NBS's approach is adequate is confirmed by the conclusion in an interesting speech delivered by Andrea Enria, the Chair of the ECB's Supervisory Board: "Market turmoil always triggers political debates on regulatory reforms, but I think that we should rather focus on the effectiveness of supervision.
I now have much pleasure in officially opening the ADB/APEC FRTI Market Supervision Regional Seminar and wish you all a fruitful and successful programme. VINAKA VAKALEVU. BIS central bankers’ speeches  3