Botswanan governor announces formation of financial stability council
Governor Pelaelo says council will be responsible for regulating and supervising the financial sector
The governor of the Bank of Botswana has announced plans to form a financial stability council to better co-ordinate oversight of the financial market.
“The high-level council will primarily comprise the Ministry of Finance and Economic Development, Bank of Botswana and the Non-Bank Financial Institutions Regulatory Authority with a primary focus on co-ordinated macro-prudential monitoring, analysis and response with respect to any financial system imbalances or distress,” says Moses Pelaelo.
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