Your own country, governor Velarde, may serve as a fine example here. In your country branchless banking may have been borne out of necessity. But in recent years, this has proved to facilitate access to finance for great many MSMEs.
First, it is important to permanently identify the various risks at stake in the global financial system. And from that standpoint I have to say that Central Banks had diagnosed a significant underpricing of risks in a large array of markets and have been public on that.