It also became clear that the connections between the various institutions, and the interfaces between them, which led to the rapid transfer of risks between parts of the system and increased its fragility, were neglected by regulators around the world.
This impressive growth has been supported by the expansion of banks into new market segments, prudent risk management and enhanced economic prospects underpinned by a stable macroeconomic environment. The Central Bank expects the banking sector to continue on this growth trajectory.