For very large financial institutions the web of interconnectedness is highly complex and opaque.18 Interconnectedness mitigates the impact of small shocks but can amplify large ones. In asset management, a commonality of exposures can arise because the assets in which funds can invest are a finite set.
Mr. Chairman, our banking system is becoming stronger by the day, as the core Financial Soundness Indicators (FSIs) suggest that the soundness and stability of the banking sector significantly improved in the first quarter of 2019, reflecting gains from the comprehensive set of reforms introduced by the Bank of Ghana in 2017 and 2018. 6.