Section 44: Objectives of the Committee.

The objectives of the Committee shall be to-(a) co-ordinate the supervision of financial institutions especially conglomerates ;
(b) cause reduction of arbitrage opportunities usually created by differing regulation and supervision standards amongst supervisory authorities in the economy ;
(c) deliberate on problems experienced by any member in its relationship with any financial institution;
(d) eliminate any information gap encountered by any regulatory agency in its relationship with any group of financial institutions;
(e) articulate the strategies for the promotion of safe, sound and efficient practices by financial intermediaries ; and
(f) deliberate on such other issues as may be specified from time to time.