Financial Stability Act

The Financial Stability Act is a legislative measure aimed at ensuring the stability of the financial system. It establishes frameworks and regulatory bodies to monitor and mitigate risks that can lead to financial crises, safeguarding economic health. By promoting transparency and better risk management among banks and financial institutions, the Act seeks to prevent situations that could threaten the economy, such as excessive borrowing or market bubbles. Overall, it helps protect consumers, maintain confidence in financial markets, and support steady economic growth.