Mrs F Hajaig indicated that financial markets should be seen as mechanisms that allow people to buy and sell financial securities and contribute positively to the growth of any economy. Their key functions, among others, are to manage risk, allocate capital, and mobilize savings. Failure of the financial markets to perform these vital functions results in detrimental impacts to the economy, like the global economic crises that the world experienced recently. This has created the need to relook global financial governance with a view to stabilize trade and financial relations. Parliamentarians' role of oversight becomes vital in ensuring that key actors operate within the required legislative framework and in the final analysis, as Senator Oliver has said, supervisory or oversight without teeth is not very helpful.