Instead, I would like to highlight how risk management, good corporate governance and consumer protection can and have made a real difference in ensuring the stability of our banking system. It is this stability that underpins our banks’ value proposition to savers, while providing a viable counterparty for borrowers. The value of risk management cannot be overstated.
In a market where uncertainty and risks are hallmark issues, a bank can only be viable as a two-way agent between savers and borrowers if it is able to effectively manage its risk exposures. This certainly matters to depositors who rely on banks to keep their savings safe.