1. (a) What is "regulation" as applicable to the financial sector? (b) State and explain the regulatory approaches identifiable with the financial sector regulation in Ghana. 2 (a) Explain the term "fit and proper" person as it relates to banking regulation in Ghana. (b) How would you assess a person to be "fit and proper" to qualify as a director of bank? 3. What are the main regulatory objectives of Bank of Ghana? 4. Identify and comment on the documents that a promoter must attach to his/her application to Bank of Ghana for a banking licence. 5. What are the grounds for revocation of a banking licence by Bank of Ghana