Deposit protection scheme could spur reckless lending
Friday, November 08, 2019
The central bank continues to consult on the DPF, which would insulate customers’ funds in the event of a bank default, with a focus on small savers. By September, commercial banks held deposits of about P75 billion, with about P15.3 billion of these owed to individual customers.
While the Financial Stability Council, made up of the BoB, NBFIRA and the Financial Intelligence Agency, has already concluded consultations on the macro-prudential policy framework, talks with the banks are ongoing.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...