Page 2 of 8  To begin, I think that it is important to recognise the progress which the financial sector, and especially the banking sector, has made over the last decade. Between the 2005/06 and 2015/16 fiscal years, commercial bank credit to the private sector expanded by more than threefold in real terms, at an average real rate of 12 percent per annum.
By doing this, we are broadening the risks that are accounted for by such capital. This is the BSP view on CAR from a financial stability perspective. The CAR should not keep only your compliance officer awake at night… It should concern everyone here, including you who are in the confines of your trading rooms….