Section 37(7) of the Banking Act 2004 requires every financial institution to provide a statement of account to the guarantor of a credit facility extended by it, in line with guidelines issued by the Bank. (More details on this issue are provided at paragraph 43.1) 7.4 Guideline on Maintenance of Accounting and Other Records and Internal Control Systems.
Putting the economy back on track requires a coherent, integrated national policy strategy to restore the health of the financial sector, restructure the corporate sector, and reinforce the sustainability of the public finances. The economic recovery must be based on equityfinanced investment and not on debt-financed investment.