These initiatives include:  Rollout of mobile phone financial services – Approval for banks to leverage on mobile phone technology to present convenience and lower costs for their customers without compromising quality of service. Through mobile banking, customers are now able to perform their transactions “anytime anywhere”.
The aim here is to preserve the prudential strength of the core part of the system in the interests of economic financial stability, while allowing the part beyond the prudential net to play its role in taking on risk. But such an approach, relying a good deal on market discipline, is not getting easier to implement.