All these activities are targeted at providing a stable, strong and vibrant financial system infrastructure, one that would amongst other things, assist in creating an enabling environment for financial planning. Such an environment would, in the long run, contribute to the achievement of economic growth and create employment. Increased independence given to the Central Bank means increased responsibilities.
It also means that we have to be transparent and accountable on our decisions and actions. We have used these legislations to deal with problem financial institutions, those that are being mismanaged, as well as ensuring that only ‘fit and proper’ persons were managing them.