Finally, as part of its regulatory process the Bank is engaging in a series of trilateral meetings with auditors and credit institutions in order to discuss matters of mutual interest. Authorisation of collective investment schemes The Bank has been working closely with the funds industry with a view to increasing the efficiency with which funds are authorised, without compromising regulatory standards.
Even the most customer-friendly IMF facilities might not lead countries to lower their reserves since they offer a higher level of comfort and convenience than IMF facilities. At the same time, countries might face problems in actually using their reserves in times of crisis, given that markets might not focus on the absolute level, but rather on the relative changes.