  Implementation of Credit Information Sharing, with more than 900,000 reports on customers on credit applicants being requested by banks as at 31st August 2011 since roll out just a year ago.   Introduction of Sharia Compliant Banking, with two institutions so far offering exclusive Sharia products, with a growing market footprint.
The scale of potential closures would likely cause an unwarranted degree of damage to the labour market and the economy, including the risk of “scarring” which would hamper our economy over the long run.