But quite possibly a financial crossroad, along with several others, meeting a real need of investors, savers and corporates from all over the world. Not a bad prospect for a country that was exuding such an air of hopelessness only half a century ago, wouldn’t you agree? BIS central bankers’ speeches  9
It emphasises that Information flow, internal oversight systems, distributed decision making and incentive systems which support good governance need to be an integral part of review by regulators, particularly so in mega-financial institutions where distance from the operation can be a problem.