The final guidelines in the respective areas as mentioned above have been issued to banks for implementation. Keeping the customer’s perspective in mind, banks would need to ensure that they implement solutions that exploit the latest available technology to build their applications/solutions to ensure customer’s delight as also proliferation of banking services; albeit the cost of providing adequate security.
Insurers will have to be mindful of having sufficient capital buffers in place. BIS Review 147/2009  1  The role of insurance companies and pension funds for financial stability Let me take a step back and consider the role of insurance companies and pension funds in financial stability.