We hope that by the end of this quarter, all banks would have cleaned up their balance sheets. On the basis of the information available to us so far, we are confident  BIS Review 111/2009  3  that the banking system is safe and sound and we have dealt with the major sources of systemic risk.
I will conclude by restating that, going forward, the CBN will not waiver in its desire to ensure that public confidence in the Nigerian banking system is maintained through appropriate disclosures and the reinvigoration of its policy of zero tolerance on all professional and unethical conducts. We will not allow any bank to fail.