I do concede, however, that successful navigation of FATCA would entail a number of challenges for our financial institutions, including the immediate need to mount an aggressive public awareness campaign. And, of course, much more work needs to be done by several other sectors and entities in preparing for FATCA including credit unions, and the Unit Trust Corporation.
The current system has established a reputation for competence but needs to be transformed in two ways – 1. A complete integration of the Magistracy into the regional system so that standards will be raised at all levels of the judiciary;  2.