A lot is happening in the Old World – and the sheer volume of news may sometimes even be overwhelming, putting into question the value of information. In fact, I don’t blame anyone overseas for taking cover from the bombardment of information coming out of Europe. European banks, in particular, have often made it on the front pages to non-European newspapers and journals.
These reforms are focused on further enhancing the regulatory framework through the continued implementation of the BASEL II framework; accelerating the implementation of risk-based supervision; improving corporate governance, including by promoting compliance with international accounting and financial reporting standards; continuing to promote microfinance lending to improve small businesses’ access to credit; and supporting the deepening of the domestic capital market.