OBS_VALUE: In determining an application, the Reserve Bank must take into account the following elements: the incorporation and ownership structure of the applicant; the size and nature of the applicant’s business; the ability of the applicant to carry on its business in a prudent manner; the standing of the applicant or the owner of the applicant in the financial markets; the suitability for their positions of the directors and senior managers of the applicant; and any other matters that may be prescribed in regulations. Note that the requirement for the standing of the applicant in financial markets relates to the need for evidence of the applicant's sound performance (The Banking Supervision Handbook, paragraph 77).