Banking sector policies will be geared towards improving the regulatory framework, mindful of the need to protect consumers and investors. Key financial and banking sector reforms will be sustained in pursuit of greater efficiency, better risk management, stronger capital base, improved disclosure and transparency practices, and enhanced corporate governance standards in the banking system.
Participating financial service providers and other experts will identify what regulatory and market conditions are necessary to encourage innovation and scale. We will share the findings of the BPNG/PFIP Financial Competency survey 2013. As you all know, financial literacy can enhance the ability of people to interface more effectively with the financial system.