Moreover, as the supervisor of an internationally active sector, we have an obligation to be safeguarding stability beyond our borders. The sector has developed and changed at pace over the last few years. The funds industry is of international and growing significance. The domestic banking industry continues to recover and is starting to transition from a period of sustained retrenchment towards modest growth.
confidence in the KM would drop as people waited to see how any alternative monetary policy would work;  2  BIS Review 51/2001  ·  Currency Boards have worked well in other eastern European countries such as Latvia and Bulgaria.