The exclusion of BDM from the regulatory system applied to other banks is seen as "useful" because it frees the BDM from prudential oversight, which is seen as incompatible with the bank's objectives. However, there is a belief in the sector that this approach could replicate the failure of the creation of the BNI and create yet another "FRELIMO bank," undermined by the party's clientelistic network, using public funds. READ MORE