Submit to Parliament a new banking law that will: (i) improve the bank recovery and resolution framework in line with FSSA recommendations; (ii) reinforce the framework for corrective bank supervisory measures (with the specific triggers, responsibilities, and time limits for an effective response to bank violations and vulnerabilities to be determined by the law or regulation); and (iii) enhance the powers and independence of the financial supervisor (CSBF), including legal protection for its staff and Board members.
Central for financial stability. Not met at R4.  Further consultations with stakeholders in late 2018 before planned submission in first half of 2019.Not met at R6. Action achieved in December 2019, when the law has been submitted to Parliament after its adoptions by the Council of Ministers on December 11, 2019.