It involved the Government introducing the new Central Banking Act (CBA) 2000, the Banks and Financial Institutions Act (BFIA) 2000, and the Superannuation and Life Insurance Acts 2002. Under the Central Banking Act 2000, the Central Bank has three important objectives.
Second, sufficient time would be available to determine whether the problem is one of solvency or liquidity, in other words whether a country is permanently or only temporarily unable to obtain funding in the market.