A new Financial Institutions Bill was passed in December 2008 and new legislation covering the insurance industry, the credit union sector and the securities industry are well underway.
If there is one issue that the recent global financial crisis has driven home is the need for a better understanding of the products in our financial system, the levels of risk that are being assumed by various financial institutions, the investments strategies that are being adopted and the quality of information disclosure being provided to investors and the public at large.