I will express our appreciation to the lending institutions, Ghana Bar Association, the Judiciary and other state agencies and stakeholders for their support in this effort to upgrade Ghana Collateral Registry to an International Secured Transactions Registry.
As financial instrument become more complex; the boundaries between different types of financial market activity (lending, trading, insuring) become blurred; more claims become securitized and were exchanged in markets as traded instruments; and much financial activity became international in nature, blurring boundaries of responsibility among authorities. Now, the question is, what are the implications for bankers and regulators such as central banks?