Unique forces arise and long-established behaviors can change--as we have seen over the past three years, and even the past decade. There will always be unasked questions and new trails to blaze. And, as in any field, the people who make up the profession lie at the heart of its growth and progress.
The reforms in 2000 involved the following: Banking sector – strengthening governance of banks with prudent management standards and guidelines Superannuation funds – introduce voluntary superannuation and increase wider participation by the workforce (reduce employees to 10 from 15) Life Insurance – introduced good governance and management practice standards and guidelines Savings and loan societies – enhance market-oriented institutions and improved management (reduced from 100 to 21) Major legislations enacted were: a.