Submit to the Parliament a draft Banking Code (including Law on Banks and Banking Activity, Law on Conservatorship, Liquidation, and Bankruptcy of Banks, Law on NBKR) consistent with Fund TA advice, to (i) strengthen the legal framework for early intervention and resolution of problem banks; (ii) limit the scope of judicial review of actions taken by the NBKR; (iii) enhance legal protection for NBKR staff and agents.
Introduced at R0. Macroeconomic rationale: Strengthen bank resolution framework and supervisory independence of the NBKR. At R2, text of condition is revised and final submission to be rephased to end-March 2013. (See structural benchmark on "Submit the draft Banking Code (including Law on Banks and Banking Activity ..."