PNG is a dynamic economy with a growing financial system and in order to meet these challenges the Bank is working with other stakeholders in further reviewing the Superannuation Act and the Savings and Loan Societies Act to ensure institutions regulated under these legislation meet the requirements and continue their prudent management. 8.
Fast money schemes (FMS)  Whilst the Bank is doing everything within its powers to protect the banks and licensed financial institutions with which the public has deposited their savings, the Bank also confronts a new kind of problem. This is to do with the activities of fast money schemes.