FINSAC Annual Report 2001: Mandate & Objectives

Mandate & Objectives

FINSAC Limited was incorporated with the specific mandate from Government:

• to resolve the problems of solvency and liquidity being experienced by the financial sector.

OBJECTIVES

In pursuance of this mandate, FINSAC has developed seven broad objectives to guide its activities. These objectives are as follows:

to restore liquidity and solvency to distressed institutions
to strengthen the financial management capability of intervened institutions
to improve the efficiency of the sector in mobilising and allocating financial resources
to create an attractive environment for investors to recapitalise financial institutions
to minimise moral hazard and promote prudent behaviour
to promote strong corporate governance, managerial accountability and shareholder oversight
to strengthen the sector through the establishment of appropriate institutional frameworks and regulatory structures.