banking reform

Banking reform refers to changes in policies and regulations that govern how banks operate, often aimed at increasing stability, transparency, and consumer protection in the financial system. Reforms may include stricter capital requirements, better risk management practices, enhanced oversight by regulatory agencies, and measures to prevent fraud and unethical behavior. These changes are typically implemented in response to financial crises or economic challenges to restore public trust, ensure responsible lending, and protect depositors. Ultimately, banking reform seeks to create a safer and more efficient banking environment for individuals and businesses alike.