Proposal
1. This paper seeks the Committee's agreement to:
- A two step approach to introducing legislation to implement the findings of the reviews of Financial Products and Providers and Financial Intermediaries;
- The finalisation of funding implications prior to the introduction of legislation;
- Announcement of decisions; and
- Deferral to 30 November 2007 of a report back to Cabinet on how the trans-Tasman Council for Banking Supervision can be expanded to include coordination on prudential supervision.
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