For firms to venture into new markets and generate profits and employment, the role of finance that shoulders such risk will be inevitable. In that regard, financial institutions are required to refine their own knowledge, find firms’ business opportunities, and create demand for funds by themselves.
Hence, we must keep our focus on achieving global standards that are credible, and as part of this, agree transition and phase-in arrangements that enable all of us to move there. I will come back to this point. Let me speak to the key areas where we need to make headway in the months ahead.