8. Objectives of resolution

The Central Bank shall, in the exercise, performance and discharge of its powers, duties and functions relating to the resolution authority under this Act, on a licensed bank, endeavour to ensure-

the stability of the financial system, including the payment, clearing and settlement systems;

the continuity of critical functions of such licensed bank;

the protection of public funds by minimizing public financial support;

the protection of depositors of such licensed bank;

avoiding destruction of the value of assets and minimizing losses to creditors and minimizing overall costs of resolution of such licensed bank.