Before I develop that thought, I think it is only appropriate that I recognise the big effort that most management teams and Boards of Directors have taken to step up and adapt to the significant changes that are happening internationally and here domestically.
All transition arrangements for compliance with the guidelines for existing holdings will be subject to submission of time bound action plans by the concerned banks. The intention as already indicated will be to move towards the desired objectives in as non-disruptive a manner as possible. 11.