In June 2010, I had the pleasure of issuing a banking licence to our first NBDTI to convert into a bank – I would certainly like to see CIM Finance Ltd move in the same direction. I therefore congratulate your board, your management and staff for taking another step in widening the scope of your operations.
If by any chance the functioning of the financial system is significantly impaired due to a financial crisis, it will be certain to see an adverse impact on price stability through a plunge in economic activity. In any event, central banks cannot be unconcerned about the stability of the financial system.