The profitability of commercial banks and their ability to provide services will have impacts in many respects. First, they are vital to welfare of the public, safety of savings of depositors and capital safety and profitability of investors. Second, they affect efficiency of funds allocation and in turn indirectly influence that of resource allocation in the whole economy.
Today, the aim is to promote both monetary and financial stability. Also emerging economies, including those in our region, are now playing a key role in the governance of central bank cooperation.