couse money and banking

Question 1 The foreign ownership limit for Malaysian insurers was set at 70% in 2009 under the financial liberalisation policy. Higher foreign shareholdings were accorded on a case-by- case basis. Under the previous governor, Tan Sri Muhammad Ibrahim, the central bank had set a June 30, 2018, deadline for all foreign insurers to comply. It is now way past the deadline, but the central bank has yet to set a new deadline for foreign owners. Meanwhile, Nor Shamsinh has noted that foreign insurers will be given the option to divest their stakes in their Malaysian units or contribute to the B40 National Health Protection Fund, to comply with a BNM ruling to sell at least 30% of their stakes to local parties a) Discuss SIX general principles of bank management with examples. (30 marks) b) Explain the motivation of financial innovations by Central Bank generally (10 marks) c) Based on above statements, analyse the banking innovations undertaken by Central Bank of Malaysia. (10 marks) d) Describe, would be the consequences that foreign insurers will have to face should they fail to comply with the ruling (10 marks)