I appreciate the opportunity to participate in this seminar. The subject is of great interest to the Institute of International Finance (IIF) and its member firms. My handicap is that I am not an expert on financial sector soundness, or banking supervision, or credit risk assessment, or other topics addressed during this seminar, and I have never worked in a financial firm. So I feel a bit awkward in speaking for the financial industry. I spent most of my career in the U.S. Treasury Department working on debt problems and the transition economies. At the IIF for the past six years, my work has focused on the broad topic of crisis prevention and resolution and public-private sector cooperation in this area.