In real terms the price of oil has risen to 50 percent of the peak recorded during the upswing at the end of the 1970s; the latest figures available suggest that the rising trend may have come to a halt. BIS Review 70/2004  1  2.
The Committee has on several occasions issued consultative papers inviting the financial world, authorities and other stakeholders to comment on the drafts put forward. This process has been quite comprehensive, but also highly valuable, since it has given all countries and parties the opportunity to table suggestions and constructive criticism. In this way, a number of special circumstances could be taken into consideration.