1. The Supervisor of Banks and fFnancial Institutions has powers to take action where the supervisor believes there is actual or apprehended insolvency of a regulated institution

Describe the actions which the supervisor may take concerning such an institution. (20 marks)

2. The Supervisor of Banks and Financial Institutions has powers to take action where the supervisor believes there is actual or apprehended insolvency of a regulated institution

Describe the actions which the supervisor may take concerning such an institution. (20 marks)

3. The external auditors of regulated deposit-taking institutions have additional obligations in carrying out their responsibilities.

Discuss the special obligations imposed on the external auditors of deposit-taking institutions. (20 marks)

4. Give the definition of connected persons as contained in the Banking Services Act. (20 marks)