And we prepared a “user’s guide” to assist depositors (and their agents) to understand the disclosures being made by banks. The user’s guide is now available in every bank branch in the country. While it is unlikely to be a “best seller”, it is encouraging to note that there has, in fact, been a surprising degree of interest in it from the public.
We hope that, over time, an increasing proportion of depositors will take a keener interest in their banks’ financial condition. Another observation made about the new framework is that our approach places an excessive emphasis on the role of bank directors - that we are asking too much of them.