Caruana at the 'Basel Sessions 2004'

In a speech at the 'Basel Sessions 2004' given on 6 July Jaime Caruana of the Bank of Spain said the recent publication of the text of Basel II marks the end of an important phase in our work. "But, let me repeat T.S. Eliot's words that to make an end is to make a beginning. It is now time for all of us to redouble our efforts to build the necessary infrastructure that will support the successful implementation of the new framework," he concluded.

"For supervisors and other authorities, this

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