Reform of banking regulation

Reform of banking regulation involves updating and strengthening rules that oversee banks to ensure they operate safely and reduce financial risks. These reforms aim to prevent crises like bank failures or financial collapses by requiring banks to hold sufficient capital, improve transparency, and manage risks better. The goal is to protect consumers, maintain economic stability, and avoid the need for government bailouts. Essentially, it’s about creating a more resilient financial system that can withstand economic shocks while supporting healthy lending and economic growth.