BoB keeps hawk eye on cross-border banking
Tuesday, October 20, 2015
“The Bank of Botswana and the Reserve Bank of India have decided to enter into Memoranda of Understanding (MoUs) to facilitate supervisory collaboration and exchange of information between the two supervisory authorities on matters of mutual interest.
“This arrangement exists or it is in the process of being entered into with all other central banks and supervisory authorities whose banks and banking groups have operations in Botswana,” said Sesinyi.
Their concerns highlight the need for meaningful dialogue between government and relevant stakeholders to ensure the best interests of the country are served.This was in addition to other voices from opposition politicians and civil society organisations.The stance underscores the importance of citizen participation in the constitutional amendment process. The AFM rightly assert that such weighty matters demand thorough discussions to reflect the...