Our outlook for that continues to also be positive, given that the underlying sentiment prevailing in the market remains constructive, arising from the sustained healthy economic fundamentals and the successful implementation of key economic reforms.
Indeed, the reduced market discipline and increased moral hazard, have intensified the need for government supervision to protect the interests of taxpayers and, in essence, substitute for the reduced market discipline. Deposit insurance and other components of the safety net also enable banks and thrifts to attract more resources, at lower costs, than would otherwise be the case.