On Monday, Finance Minister said the government is moving to review the financial sector legislation to apply harsher penalties for breaches. The country's ability to detect, investigate, and prosecute financial crimes in the banking, securities, insurance, and pensions sectors, with amendments to the Securities Act, Banking Act, Insurance Act, and Pensions Act.

How can the following prevent a financial crisis ? 

Answer rating: 100% (QA)

To prevent a financial crisis the following measures can be implemented within each sector 1 Banking Sector Banking Act Strengthening prudential regulations to ensure banks maintain sufficient capital ... View the full answer