From the perspective of central banks, given appropriate structure and regulation, securitisation can play a significant role in supporting both monetary and financial stability. For example, in certain cases, high-quality asset-backed securities could ensure better transmission of monetary policy, since a greater fraction of enterprises get access to credit markets.
It is evident that the significance of internal auditing as a key contributor to corporate governance has emerged as a theme. This new paradigm in internal auditing will see the profession becoming a front player in ensuring good corporate governance structures.