The core agenda of the BSP and the past 12 years provide a rich canvass from which we can draw some highlights. We shifted to a risk-based supervisory framework so that we can assess the behavior of bank management against standards of safety and soundness; obviously, mere paper compliance is not acceptable.
BIS Review 167/2010  1  From our vantage point, as regulator, this agreement sends precisely the right message to the insurance industry, and that is, the importance of adequate capitalisation.