The Government and the Central Bank have allocated seed capital and we hope to supplement these resources through stakeholder contributions. But we are not only looking for financial support.
They should be able to understand complex financial products and should be equipped with the knowledge and skills to assess risks and make informed decisions about the suitability of financial products to their situation. A well-functioning consumer protection regime provides effective safeguards for retail financial services consumers while empowering consumers to exercise their legal rights and fulfil their legal obligations.