In fact, eleven out of the twelve entities involved in leasing are deposit taking institutions too. The non-bank deposit taking companies which engage in leasing are thus subject to dual oversight, one from the Bank for their deposit taking activity and the other from the Financial Services Commission with regard to their leasing business. This dual regulation could have different implications.
The world is an uncertain place – sometimes more uncertain than at other times – and all monetary policymakers can really be sure of is that what will happen is often different from what we currently expect.