Amongst the most important ones that are very much common to all of these episodes I will mention four: First, be as lucid as possible from the outset. It is always a recipe for additional difficulty to over-assess the gravity of a particular situation and therefore to over-react.
Also, we are proposing an amendment to the BSP Charter that would require our prior approval for the transfer of substantial equity holdings in banks. We believe that this additional measure would help in ensuring that only those with indubitable integrity, capacity and competence would have a stake in the banking industry.