Responsible financial innovation should always have customer at its centre and should be aimed at creating positive impact on the financial ecosystem and the society. One should therefore consider the impact of new ideas on the financial fabric at the conceptualisation stage itself.
BIS central bankers’ speeches  1  all their might together in a convergent fashion so that the right environment is created to propel growth of MSMEs in our country. 8. For achieving this objective, there is a need to create an ecosystem which can facilitate handholding and nurturing of MSME units particularly at the nascent stages.