The board would also continue to receive copies of examination and inspection reports, including formal communications with the institution. In the parlance of the proposed guidance I just outlined, we fully expect the board to actively manage the information flow related to MRAs and to hold management accountable for remediating them.
The theme of this conference – Navigating through Turbulent Times – resonates with the challenges that most emerging and developing economies are going through as they seek to deliver on their mandates of ensuring macroeconomic stability and promoting growth.