Once again, as with the establishment of the NDB, the CRA is not meant to replace any financing arrangements under the IMF, but is rather a complement to existing international monetary and financial arrangements and in the main helps to strengthen the global financial safety net.
Ladies and Gentlemen, In this digital era that seeks to encourage electronic transaction settlement system with the aim of minimizing the use of cash, the adoption of macro-prudential supervision would persuade banks to adequately manage their investment portfolios and foster risk management.