Part 3Bank Administration
Introduction
137Objectives
(1)
A bank administrator has two objectives—
(a)
Objective 1: support for commercial purchaser or F1resolution company (see section 138), and
(b)
Objective 2: “normal” administration (see section 140).
(2)
Objective 1 takes priority over Objective 2 (but a bank administrator is obliged to begin working towards both objectives immediately upon appointment).