Although the Basel Committee formulated the three-pillar approach in the context of the Basel II framework for capital requirements, this structure can also be applied to the broader set of reform measures.
He reflects on the implementation and long-term maintenance of our fixed exchange rate and shares the factors that underpin our economic growth. Our oversight function in exchange control matters, the value of our research and our advice to government, and, of course, our many social and cultural programmes also feature prominently in the work. Our contribution on the world stage does not go unnoticed.