I should emphasise, however, that pricing alone does not provide a complete picture on the availability of finance. Indeed, small businesses have reported that the price has not been the biggest impediment to accessing finance over the past few years.
In my reckoning 50 percent of the job of the regulator is completed if the right persons are appointed and the corporate governance guidelines are observed in letter and spirit. Sixth, there have been certain apprehensions expressed about the risks to which the banks have been exposed or will be exposed in the future in light of the rising interest rates.