As we ponder the whole subject of crisis management and resolution frameworks, let us work to ensure that we have in place a crisis communication strategy embedded within the broader Crisis Management and Resolution Frameworks. Best practise also demands that regular simulation exercises be undertaken to review their efficacy.
Other regulatory reforms will be aimed at the further strengthening of corporate governance, risk management, and capitalization through a more effective and efficient enforcement of standards and codes. In particular, prudential regulations shall continue to be aligned with international standards and best practices.