<p>The National Infrastructure Commission for Wales </p>

Part of 1. 1. Questions to the First Minister – in the Senedd at 2:10 pm on 22 November 2016.

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Photo of Mark Isherwood Mark Isherwood Conservative 2:10, 22 November 2016

The Welsh Government consultation document on the commission makes it clear that the commission would be advisory and non-statutory, and that Ministers would retain control over investment decisions. If, as you’ve just indicated, the evolution of Finance Wales into a development bank for Wales might incorporate some infrastructure bank functions, how will you ensure that it complies with the sustainable development principle implemented by the Well-being of Future Generations (Wales) Act 2015, given that we understand from evidence to committee that it won’t be bound by Bank of England prudential requirements or EU rules on capital requirements requiring risk-sensitive and enhanced risk management?