Besides translating into increased business opportunities for banks, these sectors can significantly contribute to employment generation and growth in savings, and would support GDP growth. There is also a need to encourage incubation and development of new business ideas and providing funds to translate these into reality.
Amongst other things, these regulations provide for the setting up of Risk Management Committees at Board level in every supervised Financial Institution clearly indicating the Board's role in providing oversight over the management's activities in managing the various risks to which Financial Institutions are exposed.