Considerable progress, for example, has been evident in recent decades in the reduction of racial and other forms of discrimination. But this job is still far from completion. 3  BIS Review 94/1999  A free-market capitalist system cannot operate fully effectively unless all participants in the economy are given opportunities to achieve their best.
We took our first steps towards this objective in 2009 by encouraging regulated financial institutions to undertake and extend affordable microfinance services. A microfinance policy was subsequently issued to all banks to conduct microfinance activities. I am pleased to say that the banks have taken on these requirements really well and are in compliance in one form or another.