Parliament should make stringent laws to protect people's savings.

Friday, July 4, 2008
Editor

As many banks show interest in investing in the country, the financial rules should be revisited so that savers would not lose out if any of these banks go bankrupt.

This responsibility falls on the parliamentarians who should visit the current regulations that serve that purpose.  The financial regulations should be thoroughly checked and any loopholes be filled. Otherwise people will lose faith in the banking system and that could have detrimental effects in terms of savings.

I would like parliament to scrutinise the financial regulations in place and come up with a very comprehensive measure that would ensure that savers will not lose out in case of a bank going out of business.

GAWLO WURI JALLOW

UK


Author: DO