It is in this context that we have tightened the regulatory regime in regard to NBFCs over the past few years in a phased manner. It is, therefore, important that banks and other financial sector players are well-regulated, while permitting them the necessary flexibility to grow and expand and meet the financing needs of a growing economy.
I just wanted to make it plain that mobilising additional growth forces is a task facing the whole of Europe. After all, the title of my speech is “How to promote prosperity in Europe”. Some of you may remember the European Council’s Lisbon Agenda.