Although these risks are judged as not significant at this point, mainly because financial institutions have sufficient capital bases, the Bank will make efforts to grasp the latest situation through its on-site examinations and off-site monitoring of financial institutions and encourage them to take concrete actions as necessary.
The indication of the way forward is clear. As per the analysis, we need to improve on the depth and breadth of our financial market, increase our access to foreign exchange and bring our regulatory environment on par with international norms. However, the challenge is to get on that path and stay the course.