Second, banks face an evolving macro-financial environment, including shifts in the international regulatory architecture and substantial uncertainty about the future paths for the domestic and international economies. Third, financial innovation is already disrupting the sector and poses both opportunities and risks over the coming years. Legacy issues It is nearly a decade since the onset of the financial crisis.
The Government is committed to the implementation of sound policies towards financial deepening and overall economic development of this country as captured in Vision 2030. It goes without saying that the banking industry is and will remain a major player towards this end.