In the banking sector, it is not uncommon for there to be questions as to what level of understanding a bank should have of its vendors’ models, due to the balancing of risk management, on the one hand, and protection of proprietary  17  See, e.g., Eric Lipton, David E. Sanger, and Scott Shane, “The Perfect Weapon: How Russian Cyberpower Invaded the U.S.,” New York Times, December 13, 2016, https://mobile.nytimes.com/2016/12/13/us/politics/russiahack-election-dnc.html; and Cormac Herley, “Why Do Nigerian Scammers Say They Are from Nigeria?” Microsoft Research, June 1, 2012, https://www.microsoft.com/en-us/research/wpcontent/uploads/2016/02/WhyFromNigeria.pdf.
Competitiveness can be recovered only through a wide- ranging, consistent reform strategy involving the public sector, firms and the financial system. The commitment to creating a more business-friendly institutional and legal environment has to be strengthened, with further simplification of rules and regulations, improvement in the quality of essential public services, and continuing action to combat illegal behaviour.