Through the collective endeavour of our financiers, the Macao banking sector, in the midst of overall economic recovery, scored results with flying colours again, which laid down solid foundation in the realization of our long term sustainable development.
On the other hand, no simple rule could possibly describe the policy action to  11  6  Walter Bagehot, Lombard Street: A Description of the Money Market, (Orion Editions, 1873) p. 85. BIS Review 1/2004  be taken in every contingency and thus provide a satisfactory substitute for an approach based on the principles of risk management.