madam president we all know that today's debate on the agreement reached the committee as yet dictated the recent crisis crisis which dramatically highlighted the shortcomings and weaknesses in the insu
Madam President, we all know that today's debate on the agreement reached by the Basel Committee is yet another step dictated by the recent crisis, a crisis which dramatically highlighted the shortcomings and weaknesses in the regulation and supervision of the financial system, reversed what had, until then, been the prevailing doctrine of deregulation of the markets, and highlighted the need for stricter rules, both on capital adequacy and on the supervision of financial institutions.
Madam President, we all know that today's debate on the agreement reached the Committee is yet dictated the recent crisis, crisis which dramatically highlighted the shortcomings and weaknesses in the and supervision the reversed what until then, been the doctrine of deregulation the highlighted the need for rules, both capital adequacy and on the supervision institutions.