The regulatory framework has tightened the prudential requirements for insider transactions, credit concentration and mandatory corrective actions to be taken by the Central Bank on distressed banks  BIS Review 31/2005  3  and other financial institutions. From this year, there will be no forebearance for recalcitrant or renegade financial institutions.
Evidently, we all aim to facilitate domestic convergence and quantum leaps thru a national strategy. Indeed, convergence across regions and with international partners is necessary in the light of cross-cutting issues that may impact financial inclusion objectives.