To achieve the next stage of capitalization therefore, domestic banks have to seriously consider their options and consolidate their positions through mergers or open up for acquisitions. These will be necessary to enhance their competitiveness and thereby improve their ability to participate in high value transactions. Mr Chairman, most of our banks rely on ICT Platforms for the delivery of financial services.
4  BIS Review 164/2010  32. Following the global financial crisis, risk management has taken centre stage in bank regulation and supervision. Different kinds of risk have been identified; market, credit, operational and reputational risks. Operational risk has assumed great significance, due largely to the reliance on Information and Communication Technolgy, or ICT, platforms for the delivery of financial services. 33.