Banking Sector Reform

Banking sector reform refers to changes made to improve the efficiency, stability, and integrity of the banking system. This can include updating regulations to prevent financial crises, increasing transparency to protect consumers, and enhancing competition among banks to foster better services and lower fees. These reforms often aim to strengthen the economy by ensuring that banks operate safely and responsibly, making credit more accessible to individuals and businesses while maintaining public trust in the financial system. Ultimately, effective banking reform helps promote overall economic growth and stability.