CRD Welcome Package

(f) policies, procedures and systems for identifying, monitoring and controlling country risk, transfer risk, market risk, liquidity risk, interest rate risk, operational risk, and such other risks as the Central Bank shall specify; (g) liquidity requirements and ratios; (h) treatment of assets and investments; (i) treatment of loans and other credit facilities; (j) related party transactions; (k) accounting policies; (l) auditors; (m) disclosure; (n) anti money laundering and combating the financing of terrorism matters; (o) corporate governance matters of a licensed financial institution and a licensed financial holding company to ensure prudent operations, including without limitation matters relating to the scope and nature of the duties of directors; executive compensation; requirements for audit and other specific committees of the board; responsibilities of key management personnel; risk management; internal audit; internal controls, and compliance; (p) capital adequacy requirements and capital ratios to be maintained by a licensed financial institution or licensed financial holding company; (q) consolidated supervision. Court’s powers in legal claims against Central Bank 185. (1) In any court proceedings under this Act, the Court shall take into consideration the public interest. (2) In considering the public interest, the Court shall have regard to: (a) the critical importance of financial stability to the public interest; (b) the importance of permitting the Central Bank to discharge its functions in an expeditious and efficient manner in the interest of maintaining financial stability.

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