Had these kinds of requirements been in place before the current crisis began in 1997, the flows of capital might well have slowed at a much earlier stage, substantially reducing the severity of the crisis,
There clearly was a very intense focus on the issue with respect to the current crisis and a deep sense of commitment to do everything sensible to deal with it,
These concerns are heightened as we reflect on the financial crisis that has affected so many countries around the world over the past two years,