From the international experience, we believe the IAF will not just assist the Central Bank in our mission as regulator but assist firms in achieving their objectives too, with the longer term outcome of a more trusted financial services sector, which is in everybody’s interest.
Cost Benefit Considerations While the IAF is designed to bring substantive benefits5, we are conscious that there will also be costs associated with its introduction. Some of these will be inherent; others will depend on the manner in which the framework is implemented. Overall, it is important that the benefits outweigh the costs.