Over the years, however, their attention has shifted to the integrity aspects of banking. First of all, it turned out that reprehensible behaviour can also threaten the continued existence of a financial institution. Secondly, the requirements to be met by the integrity of the financial sector have been sharpened over the years.
As history has repeatedly shown, no matter how rich the endowment, natural resources cannot, on their own, develop a country in the absence of appropriate and effective institutions.