Falling spreads will impact positively on the banking system since the sovereign effectively acts as a floor on the interest rates at which banks can do business and on their ratings. However, there is no room for complacency. The system still faces challenges. The SSM has identified banks’ business model and profitability as a top priority for its supervisory action plan for 2016.
Third, continued efforts will be made to enhance our abilities for economic and financial management as well as risk prevention and control in an open environment.