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Bank of Namibia

Summary

Find out more about Governor Talking Points BAN Presidency Handover.

Governor Talking Points BAN Presidency Handover
03 June 2024 | Media Release
 

The roles of banking institutions and the Bank of Namibia remain critical in maintaining financial stability. As part of maintaining financial stability, the Basel Committee Core Principles for Banking Supervision form the basis of the risk management approach embedded in our legal and regulatory frameworks. Banks are, therefore, expected to subscribe to the international best standards and practices commensurate with their size, complexity, and risk profile, underscored by regulatory compliance. Currently, the main risks identified in the industry are cybersecurity risk and credit risk. On both fronts, the Bank of Namibia has developed robust regulatory frameworks to ensure effective risk management and resilience in the banking system.

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