The views expressed by P. J. Nayak Committee (Committee to Review Governance of Boards of Bank in India) in 2014 was that if the maximum shareholding for promoter investor(s) is set very low, banks could be more vulnerable as the alignment of incentives between shareholders and management could weaken (managements could then be primarily concerned with their own interests rather than those of shareholders).
Concerning specific indicators, the merit of private credit gaps and the role of global variables in early warnings has been confirmed, while the performance of bank solvency and liquidity ratios in this regard is still under debate. Very valuable information for policy-makers comes from the measurement of the current level of systemic financial stress.