With a view to further support the sector, the Honourable Vice-Prime Minister and Minister of Finance and Economic Development had announced in the Budget Speech 2012, that the banking sector would extend credit facilities to SMEs for an amount of Rs3 billion over the next three years at 3 percentage points above the prevailing Key Repo Rate.
Coordinating all these strands of work is the task of the FSB, which is also responsible for regular reporting to the G20. The large number of work strands and regulatory provisions might create the impression that the sometimes exaggerated faith in the market prior to the crisis is now being replaced by excessive faith in government.