For example, some of the large technology firms are providing credit, at a rapidly growing pace, to their built-in customer base of merchants. Several of the businesses I met with mentioned they had turned to nonbank online lenders after being turned down by banks.
4  With regard to market discipline, there exists a rigorous information disclosure requirement stipulated in the Financial Institutions Act (FIA) 2004 as amended and implementing regulation on the requirements for disclosure in final annual accounts, risk management policies, publication of bank charges, financial consumer protection. However, full implementation of market discipline requires adoption of Pillar I of Basel II Accord.