The legal and regulatory landscape has been continuously amended to adapt to the technological changes in line with the recommendations of international standard setters. Similarly, we are preparing ourselves for the fintech revolution. The announcements in the Budget Speech of this year clearly show the commitment of our jurisdiction to adopt and accept the fintech revolution.
But to play its full role in the economy, the financial sector needs also to mobilise those savings, putting them in the hands of investors who are in a position to make effective use of them. Banks are in the business of risk management, not complete risk avoidance.