So, to summarise the international sector: -  The biggest segment, banking, trusts, and funds management, is in reasonable shape but still requires improvement; The current extensive controls on foreign real estate purchases seem to be effective, but we are probably two to three years away from being able to definitively prove this; The IBC sector’s data infrastructure will improve over the next year or so to a point where we can demonstrate world-class surveillance of legal persons; and The MTB sector needs to improve its controls, and this work is in progress.
Current supervisory focus In the Central Bank’s supervisory arrangements, the word “requirement” has special meaning, referring to a deficiency which the Central Bank is prepared to deploy statutory force if needed to correct. The ebb and flow of requirements, and particularly the quick and comprehensive clearance of outstanding Requirements, is an essential element in effective supervision.