In other words, they cannot tolerate, or even encourage, lax regulation and supervision – which in turn favours bank profitability, benefits the national financial centre and ultimately contributes to the state’s coffers – and at the same time refuse to contribute when systemic crises occur as a result of an under-regulated system.
This was not fully funded and therefore the 2011 Supplementary Budget allocated a further K648.5 million to be deposited in trust accounts at the Central Bank. However, only K433.0 million has been deposited as at December 2011.