Supplementary Order Paper No 47

Clause 28

After clause 28(2) (page 26, after line 31), insert:

(2A)

In recommending an appointment, the Minister must take all reasonable steps to ensure that at least a majority of the members of the board have between them a strong understanding of—

(a)

financial stability; and

(b)

prudential regulation (including, but not limited to, capital adequacy and liquidity); and

(c)

macro-prudential policy; and

(d)

crisis management and resolution.