An institution can no longer be allowed to be registered to conduct the business of a bank and, then, simply to ride on the coat tails of the name “bank”, whilst at the same time not conducting deposit-taking business or not acting responsibly in the interests of the depositor base, but rather in the interests of an unobtainable share price.
Fourth, the Registrar of Banks needs to be mindful of “boutique” banks that are not fulfilling the definition of the “acceptance of deposits form the general public” and, on the asset side of their balance sheet, are not acting “in the interest of the general public”.