I have often spoken about the importance of good corporate governance in banks and financial institutions. A good governance structure will have to be supported by effective risk management and compliance functions. The cost of compliance to rules and regulations should be perceived as an investment, as inadequacy in this regard can prove to be highly costly.
The launch of the Law on Real Rights is of great significance to the development of the credit market, prevention and mitigation of financial risks and easing the financing difficulties of SMEs. SME financing is a worldwide challenge, and it is more difficult in developing countries.