These were primarily guided by the need for serious, fit and proper and long term players to maintain the Platforms. 26. Finally, the risk management structure focussing on operational risk and business continuity, and the technology and customer grievance redressal mechanisms will need attention.
While competition can, at times, pose challenges for stability of the financial system it is also true that large banks pose particular risks. A strong framework of prudential regulation and proactive supervision are therefore necessary regardless of the specific structure of the system.