In principle, bank and market-based finance tend to support economic development and living standards in similar ways.7 But the euro area sovereign debt crisis, and the subsequent impairment of the bank lending channel, underlined that what matters for resilience and growth is that funding is diverse and avoids concentration risks.
Recent initiatives: (1)  The PDO/NDS/SSS project, comprising inter alia the Negotiated Dealing System (NDS) is an initiative, which provides for an electronic platform for facilitating trading in Government Securities and Money Market Instruments. The System has been operational for over a year now and the manner in which you have used the System is laudable.