Now, however, it is essential to map out the path of reform that is best suited to raising growth potential, and to achieving the broadest possible consensus, being aware that, oftentimes, the costs of structural changes are immediate, while the benefits only develop gradually and not always rapidly. •  Resources must be channelled to where the social returns are highest.
As custodians of the interests of various stakeholders, including depositors, shareholders, regulators, and the wider society, Boards must adopt a proactive and strategic approach. Effective risk management, governance, and compliance practices are essential in safeguarding the bank's reputation, financial stability, and long-term viability.