Among others, we are faced with the unwinding of easy monetary policy in advanced economies, which if it becomes disorderly could have serious spillover effects on our economy. At the same time, the threat of unbridled market exuberance could create imbalances in asset markets that could adversely impact the banking system’s ability to effectively intermediate funds.
On the other hand, advances in information technology have encouraged the emergence of newer payment channels such as mobile banking, that if not regulated properly could undermine the credibility of our payments and settlements infrastructure. Meanwhile, population growth continues to challenge our programs on financial inclusion, education and consumer protection.