-
Consolidated supervision;
-
The registration of controlling companies of banking institutions;
-
The opening of branches of foreign banking institutions in Namibia;
-
Power to the Bank of Namibia to object to the appointment of directors, principal officers and executive officers at banking institutions;
-
Authority to the Minister of Finance to regulate the ownership of banking institutions and their controlling companies; and
-
Power to the Bank of Namibia to determine administrative fines to address issues of non-compliance with banking laws.
Bylaws issued under the Banking Institutions Act, 1998 as amended
Bylaws issued under the Banking Institutions Act, 1998 as amended include the following:
Circulars
Circulars are notices issued by the Bank, for the purpose of promoting sound and prudential banking practices, in line with the Banking Institutions Act of 1998, (Act No.2 of 1998) as amended. The Circulars are not published in the Government Gazette but delivered by the Bank to the Principal Officers of the banking institutions.Click here to access circulars
Determinations
Determinations are Gazette Notices issued by the Bank on any matter which is required or permitted by the Banking Institutions Act of 1998, (Act No.2 of 1998), as amended, to address issues that are considered necessary and expedient to determine the prudent conduct of the banking business and consistent with the best standards and sound financial management. Click here to access Determinations
Regulations
Regulations are Gazette Notices issued by the Minister of Finance on recommendation by the Bank on any matter which is required or permitted by the Banking Institutions Act of 1998, (Act No.2 of 1998), as amended. Click here to access Regulations
Other Bylaws
Other Bylaws are secondary laws issued by the Bank in line with the Banking Institutions Act of 1998, (Act No.2 of 1998), as amended, to ensure that the banking business are conducted in a prudent manner to be sound, remain resilient to any kind of shocks and adhere to the best standards and practices of Corporate Governance. Examples of Other Bylaws issued by the Bank are Guidelines, and Gazetted Public Notices. Click here to access Other Bylaws
By laws issued under Bank of Namibia Act
The Directive on Minimum Reserve Requirement was issued under the Bank of Namibia Act of 1997 and the Bank of Namibia Act of 2004 collectively known as the "Bank of Namibia Act 1997, as amended".