BoB, NBFIRA form joint 'response unit'

Tuesday, February 27, 2018

The Bank of Botswana (BoB), Finance Ministry and Non-Bank Financial Institutions Regulatory Authority (NBFIRA) are set to form a financial sector watchdog to monitor stability as well as provide early warnings and response.

This morning, central bank governor, Moses Pelaelo said the watchdog, to be known as the Financial Stability Council, would seek to close the regulatory and monitoring gaps between the BoB and NBFIRA.

“The high-level Council will comprise a primary focus on coordinated macro-prudential monitoring, analysis and response with respect to any financial system imbalances or distress,” he said when launching the 2018 Monetary Policy Statement.

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BoB, NBFIRA form joint 'response unit'

The Bank of Botswana (BoB), Finance Ministry and Non-Bank Financial Institutions Regulatory Authority (NBFIRA) are set to form a financial sector watchdog to monitor stability as well as provide early warnings and response.

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

MISA Botswana celebrates World Press Freedom day

Unlawful wounding turns to murder

Mahalapye suspected copper cable thief nabbed

TAFIC targets top four finish

Selefu

Selefu

Repatriation underway for seven SA Pilgrims

Stakeholders must step up veggie supply