The recent efforts to raise the volume of public works must be continued, both because of the contribution they make to domestic demand and employment and in order to reduce the infrastructure shortfall in large parts of the country and to increase the efficiency of the economy as a whole.
The boundary-less cyberspace exposes the banks to internationally organized crimes and new age threats. Further, with banks increasingly working with third parties and in the process, sharing business information, management of third party risks is also becoming a challenging task’. Let me amplify with a few examples on what I have been saying so far.