Public incredulous that RBM failed to detect reg flags that led to collapse of Alliance Capital Limited
* The Registrar of Financial Institutions proved on the requisite standard of proof that the company is insolvent * And not likely to return to solvency within a reasonable time * Private practice lawyer hints that RBM should not regulate other banks and financial institutions * The industry should have an independent regulator to also regulate the Reserve Bank By Duncan Mlanjira Billions of kwachas have been lost which many government institutions, private Limited companies invested into financial service…
