I grew up in foreign lands, in exile I received good university education abroad, learnt how to shoot using all sorts of guns and make bombs, studied military combat work (mcw), learned how to speak some Portuguese and Sesotho sa Moshoeshoe, drafted and edited radical economic policies.
Early recognition of these risks and initiating action to mitigate the related regulatory and supervisory challenges is key to harnessing the full potential of these developments. This also brings in the need for a transparent, technology and data-driven approach. Similarly, systemic risks may arise from unsustainable credit growth, increased inter-connectedness, pro-cyclicality, and financial risks manifested by lower profitability.