By streamlining licensing procedures, we have also shortened the time it takes for such entities to receive authorisation and begin their operations. In addition to this, we’ve introduced the concept of a specialized bank, which offers most of the mainstream financial services, but features a lower initial capital requirement.
Today I would like to provide a brief overview of what I think are the key challenges, risks, and opportunities faced by bankers and their supervisors. To start, I would like to shift your attention from the vibrant economy and exceptional banking conditions to some of the risks that are always present.