The Case for Exclusive Winding Up Provisions for Security and Exchange Commission-Registered Entities in Ghana
Bibliographic record
Abstract
The insolvency of financial institutions poses significant threats to financial market integrity, investor confidence, and economic stability. In Ghana, banks and specialized deposit-taking institutions (SDTIs) benefit from an exclusive and well-defined liquidation regime under the Banks and Specialized Deposit-Taking Institutions Act, 2016 (Act 930). However, Securities and Exchange Commission (SEC) registered entities such as investment advisory firms, broker-dealers, and asset managers remain subject to the generic framework of the Corporate Insolvency and Restructuring Act, 2020 (Act 1015). This paper argues for the establishment of exclusive winding up provisions under the Securities Industry Act, 2016 (Act 929) for SEC-regulated entities, drawing on regulatory theory, institutional economics, and public interest justifications. It also analyzes international best practices and Ghanaian case studies to support its reform proposals.
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How this classification was reachedexpand
Full frame distilled prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.
Codex and Gemma teacher scores by category
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.001 | 0.000 |
| Meta-epidemiology (narrow) | 0.000 | 0.000 |
| Meta-epidemiology (broad) | 0.000 | 0.000 |
| Bibliometrics | 0.000 | 0.000 |
| Science and technology studies | 0.001 | 0.000 |
| Scholarly communication | 0.000 | 0.000 |
| Open science | 0.000 | 0.000 |
| Research integrity | 0.000 | 0.000 |
| Insufficient payload (model declined to judge) | 0.000 | 0.000 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from itClassification
machine, unvalidatedMachine predicted; a candidate call from one teacher head, not a consensus.
How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".