While the focus of the conference is on secure banking, it is not adequate to ensure that all banking transactions are duly authorized and customer interests protected. It is important for banks to realize that they have a vital role and responsibility to ensure that appropriate risk management measures are in place particularly to address issues relating to money laundering and terrorist funding.
However, determinants of the equilibrium interest rate would be somewhat different in an open economy such as ours, with a structural current account deficit, than in a large and relatively closed advanced economy where most drivers of equilibrium rates are internal.