Decisions taken by the Cabinet at its Meeting held on 2014-10-16 Published inCabinet Decisions 01. Sharing of Information among Financial Sector Regulators - the Inter Regulatory Institutions Council has been established with the view to identifying issues that require collective action by financial sector regulators to promote financial system stability and the development of the financial sector. Financial institutions include licensed banks, licensed finance companies and leasing companies, money brokers, primary dealers, insurance companies, insurance brokers, insurance agents, loss adjusters, institutional agents, stock exchanges and stock brokers/dealers. The proposal made by H.E. the President, in his capacity as the Minister of Finance and Planning, to enact legislation for the purpose through an Act of Parliament and to instruct the Legal Draftsman to draft legislation for the purpose, was approved by the Cabinet. 02. Memorandum of Understanding on setting up the Asian Infrastructure Investment Bank (AIIB) - the President of the People’s Republic of China has proposed to establish the Asian Infrastructure Investment Bank (AIIB) to ensure regional cooperation for sustainable economic and social development in Asia as well as to strengthen regional resilence against potential financial crises and Sri Lanka has been officially invited to join the said bank as a founder member. Sri Lanka is a founder member of two largest multilateral development financing institutions, i.e., the World Bank and the Asian Development Bank. Establishment of the AIIB will help to mobilize the much needed additional resources from inside and outside Asia, remove the financing bottlenecks faced by the individual economies in Asia and complement the existing multilateral development banks to promote sustained and stable growth in Asia. 22 countries across the region have indicated their willingness to join the said bank as founder members. The proposal made by H.E. the President, in his capacity as the Minister of Finance and Planning, to proceed with the related activities pertaining to the signing of the Memorandum of Understanding on the establishment of the AIIB, was approved by the Cabinet. 03. National Immunization Policy of Sri Lanka - the main objective of the immunization policy is to have a country free of vaccine preventable diseases of public health importance by ensuring the use of safe and quality vaccines relevant to the health care needs of the people in a sustainable and equitable manner. The Ministry of Health has developed this immunization policy in close collaboration with all stakeholders, including relevant professional bodies and Government Institutions. The above policy document submitted by Hon. Maithripala Sirisena, Minister of Health, was approved by the Cabinet. 04. 3rd International Conference on ‘Community Water Service’ held in Kandy from 22nd -24th August, 2014 – the 3rd International Conference on ‘Community Water