But I hope that I have also convinced you that information sharing among countries remains extremely important. What is crucial is that national authorities pursue sound domestic policies, while being fully cognizant of what is happening elsewhere in the world. These policies include a well-anchored monetary policy focused on inflation control and a prudent fiscal policy conducted within an appropriate medium-term plan.
More importantly, while Basel 2 advances the platform for risk management more comprehensively than ever before, it is not free from some practical problems that need to be addressed. We have to be realistic and patient.