This is because  6  BIS central bankers’ speeches  EMEs are in a higher growth phase with higher credit elasticity of GDP than advanced economies. Increase in the cost of credit on account of tighter regulation can inhibit their pace of growth. EMEs therefore need to strike the right balance between preventing financial instability and supporting growth.
Finally, Ladies and Gentlemen, allow me once again to applaud GenAfrica Asset Managers Limited for organizing this forum. Thank you!