I will not rehash these issues but rather look forward to the emergence of a stronger and well-capitalised banking sector, and as major stakeholders of the financial sector, we should all commit ourselves to never roll back the gains we have achieved in the industry.
Bernanke (2007) underlines that supervisory responsibilities give the central bank access to a wealth of granular on each bank’s organization, management structure, lines of business, financial condition, internal controls, risk-management practices, and operational vulnerabilities. This is beneficial for the conduct of monetary policy because banks play a central role in the transmission of monetary policy impulses.