Supplementary Order Paper No 47

Clause 28

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


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—


financial stability; and


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


macro-prudential policy; and


crisis management and resolution.