Which of the following is not a guiding principle of financial regulation?

a.

Innovation should be discouraged to ensure that financial products and services offered conform to the set rules and regulations.

b.

Strict monitoring should be set up to ensure that international standards are met.

c.

Prudence and effectiveness should be applied when using financial resources of a country.

d.

Regulatory measures on the senior management of the financial institutions so as to ensure that decisions taken are in the best interest to the financial market.

Clear my choice