The Central Bank’s interactions with licensees is also adapting in the direction of greater focus on good governance as Inspection teams engage more actively and regularly with their Boards, internal and external auditors and risk managers. 10.
Ultimately, financial entities must police themselves and assure that their corporate  culture is founded on resolute commitments to the highest standards of integrity, transparency and proper controls. It merits reiterating that while legislation, supervision and codes of ethics and good practice help, in the final analysis it is up to individual institutions to embrace a strong governance culture.