Money laundering Although I touched upon this issue in brief earlier while discussing cross border supervision, I would like to dwell a little bit more on this issue as it has been engaging the attention of governments, regulators and international financial community for quite some time. And there will be no exaggeration if I call it the biggest challenge before the supervisors today.
An important shortcoming of the bilateral agreements between the European Union and the Mediterranean countries is the failure to liberalize trade in agricultural products, where the Mediterranean countries have a significant comparative advantage, to the benefit not only of their economies but also of ours.