Major restructuring plan for state’s financial regulation

A major restructuring of financial regulation may get the go-ahead from government this week. The cabinet will advance a plan to create one organ is at ion to oversee the financial sector and a separate body responsible for consumer information and a

6th June, 2009

A major restructuring of financial regulation may get the go-ahead from government this week. The cabinet will advance a plan to create one organ is at ion to oversee the financial sector and a separate body responsible for consumer information and advocacy.

The restructuring of financial regulation follows the failure of the existing system in supervising banks during the boom years.

The plan, which has been under consideration for some months, will involve the consumer...

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