Many were concerned that, if the Federal Reserve withdrew from these services, it would result in short-term service disruptions with few long-term benefits. Many indicated that prices for retail services would rise, and smaller banks and remotely located banks were concerned that they would have difficulty obtaining check and ACH services.
At present, significant progress has been achieved in share-holding reform of the state financial enterprises in the banking, insurance and securities sectors with the most noticeable results in state-owned commercial banks. In the process, many enterprises have expressed the wish to introduce employee share-holding plans, which lie in the heart of the stake-holder concept of corporate governance.