The discussion on remit, independence and accountability framework has two important elements: (i) to improve focus of surveillance with greater prioritization, and (ii) to improve the methodology to assess the effectiveness of surveillance. We are very much for strengthening the methodological aspects of surveillance reviews and prioritization.
However, it needs careful consideration whether there would be any value addition in introducing a new policy statement devoted to this purpose alone. Another approach could be to prioritise surveillance objectives through the triennial surveillance reviews. I am sure the Board would consider the pros and cons of both approaches and come up with proposals, with wider acceptance.