How to improve the supervision of govt banks, to immune them

Question

Accepted Answer

Supervision of govt banks can be improved by implementing stricter regulations, increasing transparency, and promoting accountability.

Implement stricter regulations to ensure compliance with banking laws and regulations
Increase transparency by regularly publishing financial reports and audit findings
Promote accountability by holding bank executives and board members responsible for any misconduct or negligence
Strengthen internal controls and risk management practices to prevent fraud and mismanagement
Provide adequate training and resources to bank employees to ensure they are equipped to handle their responsibilities
Establish an independent oversight committee to monitor the performance of govt banks
Encourage public participation in the governance of govt banks through public consultations and feedback mechanisms

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