Supervisors must be professionals

摘要

Only eight years ago, a financial crisis in Russia sent shock waves across the whole of central Europe and the former Soviet Union, shaking to the very core an embryonic financial system that had been born out of the collapse of the Berlin Wall in 1989. Since the 1998 crisis, progress in re-establishing sound banking sectors, the lifeblood of these reforming economies, has been remarkable. Improvements have been strongest in the most advanced transition countries, the eight central and eastern European nations that joined the EU in 2004.