(iv) Structure Some banks may be best off focusing on local activity, and in effect, becoming small finance banks. Others may be best off merging with other banks so as to obtain scale and geographic diversification. As banks get cleaned up, and their boards are strengthened, their boards should focus on appropriate structure as part of an overall rethink on strategy.
On effectiveness, the assessment reflected accurate ratings for seven out of the 11 Immediate Outcomes (IOs), while on technical compliance, the assessment reflected accurate ratings for 34 out of the 40 Financial Action Task Force (FATF) Recommendations.