admittedly, the conceptual challenges in quantifying, for instance, liquidity risk, are enormous. but we live in a world of second best, and even very approximate measures would do better than nothing at all. thank you. references adrian ( t. ) and shin ( h. s. ) ( 2007 ) : " liquidity and leverage ". journal of financial intermediation. forthcoming. available on the new york fed website as staff report no 328. adrian ( t. ) and shin ( h. s. ) ( 2009 ) : " money, liquidity and monetary policy " forthcoming in american economic review, papers and proceedings. available on the new york fed website as staff report no 360. committee on the global financial system. cgfs papers no 34. " the role of valuation and leverage in procyclicality ". april 2009 ( available on the bank for international settlements – bis - website ). danielsson ( jon ) and shin ( hyun song ) : " endogenous risk " ; london school of economics september, 2002. for an analysis, see kashyap and al. ( 2008 ). kashyap ( ak ), rajan ( r. g ) and stein ( j. c. ) ( 2008 ) " rethinking capital regulation ". paper presented at the federal reserve bank of kansas city symposium.

loi m bakani : the online finance finder portal launch speech by mr loi m bakani, governor of the bank of papua new guinea and board chairman of the centre for excellence in financial inclusion, at the online finance finder portal launch in collaboration with business link pacific ( blp ) and centre for excellence in financial inclusion, port moresby, 11 august 2021. * * * 1. acknoldegements salutations ladies and gentlemen 2. finance finder 1 ) firstly, let me thank you for the warm welcome and kind courtesies extended and for your presence at this important gathering to launch the online finance finder portal, which i understand is the first of its kind in the country. 2. finance finder 2 ) our appreciation to the business link pacific and centre for excellence in financial inclusion for making this project launch a success. let me also thank the financial institutions who took up the invitation to be part of this exciting journey : the commercial banks, micro banks and the finance companies. 3 ) png financial inclusion strategy and policy identify sme lending as a priority area and have taken steps to assist and promote the lending activities in the last financial inclusion strategy 2016 – 2020. 4 ) with the intrusion of the pandemic covid - 19, many businesses have adversely been impacted, especially the msme sector. the situation has also called to utilize technology to access financial services, a shift from the traditional ways of service delivery. 5 ) lack of information is identified as a key problem in having access to financial services for smes in papua new guinea. thesme loan product guidethat was developed by cefi last year was the first step in providing information on sme lending. finance finder is taking it one step further by providing the information available online. financial institutions can update the information on a regular basis to provide updated information always. 6 ) the finance finder portal serves as a tool for customers, i. e. msme owners, to search for the product that meets their requirements or needs in order to grow their businesses. the portal can be accessed through the cefi website, and linked to the business link pacific ’ s website. 3. other supporting development 7 ) i wish to highlight two important development projects which the bank is developing and will soon to be rolled out : a ) sme accelerator programwith one of the key outputs being the credit guarantee facility. the purpose of this initiative is to ensure the credit