The FSC is a statutory body made up of the Bank of Botswana (BoB), the Non-Bank Financial Institutions Regulatory Authority, the Financial Intelligence Authority and related entities.
Last week, the FSC produced its Financial Stability Report (FSR) for May, which is a research product designed to predict and mitigate vulnerabilities that could threaten the stability and resilience of the local financial system. While climate related risks have been a major worry for environmental movements and social institutions, the FSC has signalled worries that climate problems could harm macroeconomic stability and ultimately impact business prospects.
