Due to the critical nature of these roles, and the fact that the ability of banks to effectively impact on economic development hinges largely on their soundness and efficiency, governments across the world continue to take variety of measures to safeguard the banking sector through reforms.
Such reforms often focus on increased risk management procedures and enhanced corporate  BIS central bankers’ speeches  1  governance in order to strengthen and reposition the banking industry to enable it contribute effectively to the development of the real sector through its intermediation process.