BIS Review 84/2007  3  These factors, more than other differences in tax, accounting, or legal regulatory regimes, account for the bulk of the declines' share of equity and debt raised in the United States by companies around the world. And this shift is something that we benefit from, not just in the direct sense that U.S. financial institutions play an important role in those markets, but in the broader sense that we will gain from the improvements in economic growth that come from financial market development around the world. But in this context, we need to be more attentive to the risk that specific aspects of our system, regulations or other constraints, create a greater disincentive to locate a financial business here, or to invest here, or to raise capital here, than would have been the case five or ten years ago. We need to take a careful look at how we regulate financial activity in a world where capital is more mobile, and the structure of the financial system has diverged substantially from the system for which our regulatory framework was designed. That does not mean we should contemplate weaker regulation or lower standards. The strength of the U.S. system is in part the result of the confidence we have developed in the integrity and resilience of our markets, in part by establishing strong standards for investor protection, market practices, and safety and soundness. Sustaining this confidence will be critical to the future strength of our financial system.
They contain Braille markings as well as tactile symbols to denote each denomination. In 2000, Bank Negara Malaysia presented 13,000 units of Ringgit cash test cards to the visually impaired which measured third series banknotes of all denominations. This year, the Bank will distribute 20,000 units of Ringgit cash test cards to the visually impaired. The Bank has made several improvements to the new cash test card design including to measure the fourth series banknotes and a coin channel to measure third series coins after obtaining feedback from the National Council for the Blind, the Malaysian Association for the Blind and Kementerian Pembangunan Wanita, Keluarga dan Masyarakat. In conjunction with this program, I would like to take this opportunity to launch the new cash test card. BIS central bankers’ speeches  5