There are several overlaps in the recommendations of Advisory Groups with concomitant relevance for legislative changes keeping in view such overlaps. Some of the notable overlaps are between (a) Monetary and Financial Policies and Fiscal transparency; (b) Corporate Governance and Banking Supervision; (c) Payment and Settlement System and Securities Market Regulation; (d) Accounting and Auditing and Banking Supervision.
BIS central bankers’ speeches  3  23. Not only are capital flows too much or too little, they are also volatile. They respond to both push and pull factors. The important push factors are the monetary stance of advanced economy central banks which determines the liquidity in the global system and the need of investors for asset diversification.