For consumers, we need to ensure these services maintain the suitability of investment advice provided and avoid mis-selling. The foundations of sustainable innovation Customers requires firms’ systems and data to be available, reliable and secure. This is also important for financial stability reasons. Firms must strive to minimise the frequency and impact of issues and have an ability to recover quickly from them.
A feasibility study is being conducted currently, and it is hoped that the creation of such a bank will help mobilise resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries. These efforts are to supplement the existing efforts of multilateral and regional financial institutions for global growth and development.