In the 1990s, banks in many African countries witnessed a high frequency of bank-runs and bank failures. More recently however, a financial sector policy in the form of the Basel III standards was hastily adopted to regulate minimum capital ratios in addition to liquid asset holdings by commercial banks to ensure stability in the financial sector. These Basel III standards are the outcome of one of the themes of public policy.

i. State the theme that is referred to above.

ii. Discuss 3 other themes of public policy, providing clear examples under each