The Bank serves as the secretariat of the Financial Law Board (FLB), a Japanese organization that examines such legal issues. For information on the purpose, activities, and other details concerning the FLB, see its web site. 10  BIS Review 151/2009  At the same time, we should also recognize that discussing policy without a proper perspective does nothing but harm.
The real world is not so simple that gathering all information from the field, namely micro information, will lead to an understanding of the total, and policy cannot be judged from the viewpoint of practical operations alone.