Amend the relevant legislation to strengthen deposit insurance framework by authorizing bank resolution financing and introducing depositor preference.
Introduced at R0. Objective: strengthen financial stability and enhance banking sector monitoring. At R1, condition is combined with another modified strutural benchmark: "Amend relevant legislation in consultation with the EC, the ECB and the IMF to strengthen the early intervention framework, introduce a regime for restructuring of banks as a going concern under official control and strengthen deposit insurance framework."