A major task before us is to work with emerging-market countries to strengthen and unify banking supervision. Greater consistency should reduce the risk of systemic problems arising from a financial disruption in any particular market. While most of these efforts have focused on market risk, I think it is fair to point out that the major exposure for most banks is credit risk.
Kiyohiko G Nishimura: Electronic trading and financial markets Speech by Mr Kiyohiko G Nishimura, Deputy Governor of the Bank of Japan, at the International Paris-Europlace Financial Forum, Tokyo, 29 November 2010. * 1. *  *  Introduction  I am honored and delighted to have been given the opportunity to speak at this International Financial Forum, organized by Paris EUROPLACE.