Among others listed above, a key lesson is need for effective implementation of reform agenda, though there is a case for launching second generation reforms to strengthen the governance of country and institutions which matter in implementation, but cannot be achieved without further  6  BIS Review 33/2008  institutional reforms.
Re-focusing on a niche All these notwithstanding, there is a strategic issue facing thrift banks besides size of operation and this one is about the choice of target markets. If we revert to the Thrift Bank Act of 1995 , it says there that TBs are supposed to: “Promote economic development, and expand industrial and agricultural growth.