In addition, the banking organizations that are the major intermediaries in short-term wholesale funding markets are much more resilient based on the measures I discussed earlier. Nevertheless, we believe that more needs to be done to guard against short-term wholesale funding risks.
BIS central bankers’ speeches  1  The success stories of more than 80exceptional microentrepreneurs that the CMA has recognized in the past decade tell us that we are successful in providing a nurturing environment for microenterprises. These stories lend a face to the data and serve as validation that our efforts and initiatives in microfinance are effective and sustainable.