Banking reform refers to changes made to the rules and regulations governing banks and financial institutions. These reforms aim to improve the stability and transparency of the banking system, ensuring that banks operate safely and responsibly. By implementing stricter guidelines, regulators can help prevent financial crises and protect consumers' money. One key aspect of banking reform is the introduction of measures like capital requirements, which ensure that banks hold enough funds to cover potential losses. Additionally, reforms often focus on enhancing consumer protection laws, making it easier for individuals to understand their rights and access fair financial services.