From 2002 to mid-2007, many large financial institutions did just that, and to great effect – creating products by aggregating and reconstituting assets, distributing bespoke risks across institutional and retail channels, and retaining certain preferred positions for proprietary accounts. A changing paradigm of financial intermediation may well be on the horizon.
Transparency also extends to other disclosures by banks on their corporate governance and risk management structures. In this regard, CBK has enhanced the disclosures by banks on their significant shareholders. Banks are now required to disclose details of significant shareholders who own 5 percent or more shareholding on their websites.