Numerous challenges remain however, including regulatory changes, legal certainty, illiquidity issues, liquidity risk management concerns, the need for harmonized regulation, regulatory disparity amongst national supervisors and a potentially unlevel playing field.
Our visionary business and political leaders must be alert to the challenges they face now and are likely to face in the future due to developments in other parts of the globe. On the domestic front, we need to manage our macro-economic fundamentals. Both our economic and political leadership is faced with multiple challenges of trade imbalance, inflation, unemployment, power crises and security situation.