Another important aspect of reliability is business continuity planning and sophistication of the IT resources, both in the State Bank as well in the banking industry. And again, we need to cover a lot of ground here. The third item which I mentioned is asymmetry of supervision, which occurs when different market participants are regulated by separate supervisors.
This makes it difficult for us to maintain comparable levels of vigilance and quality of objectives in policy formulation. The asymmetric regulatory regime can be within the country, for example between banks and securities firms, as well as at cross-border levels. The Basel Accord provides an excellent opportunity for developing common standards. Yet it requires much closer cooperation, information-sharing and coordination of policies.