The new institutional structure and many of the decisions that flowed from it were directed primarily at reducing the risks proper to individual member states or banks, even aside from the possible systemic implications.
Firstly, on the supply side, there is lack of appropriate product offering by financial service providers primarily influenced by their typical hesitance towards the informal and low income segments of the population and lack of geographic presence. Secondly, on the demand side, there is lack of public awareness about availability of financial services and products.