•Prompt Corrective
Actions:
–Cancellation of
License
–Change in Ownership
and Management
–Debarring of Two Audit
Firms
–Raising Nominal
Capital Requirement
–Removal of
Restrictions on Consumer Financing
–Enactment of Enabling
Laws
–Tax Relief on
Mortgages
–Reduction in Corporate
Taxation
Outcomes & Results
ð Strengthening Regulatory & Supervisory
Capacity