Today, calamities of single financial institutions may quickly provoke a chain reaction and ultimately lead to a systemic crisis. This calls for the global coordination of supervisory activities. –  The second lesson to be learned is thus that the health of a single financial institution is no sufficient condition for its immunity against contagion.
I speak on behalf of the Board of the Central Bank when I say that it is a pleasure for us to be here this evening to meet with you, the representatives of the private, public and civic sectors of the province. Let me introduce to you members of the Board of our Central Bank.