Implementation of the Deposit Taker’s Bill and its new prudential standards framework will keep the banking and NBDT sector occupied for a number of years yet. The focus will shift somewhat to enhancing and completing the resolution framework, including the major task of implementing deposit insurance (compensation).
Across our COFR partners, seeing through the Conduct of Financial Institutions Bill (COFI) and the Credit Contracts and Consumer Finance Act (CCCFA) into the way the financial sector works will absorb considerable effort.