In retrospect, we have to admit that the record of both the FSF and the IMF was less than perfect. The Fund has also to collaborate efficiently with the Basel institutions: with  2  BIS Review 122/2010  the BIS, that produces high-quality macrofinancial research, and with the Basel Committee on Banking Supervision, given that it has much responsibility for micro-financial issues.
Participation in SARB debenture auctions has also improved.