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Law > Business and Financial

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Cover IMF Staff Country Reports
Namibia: Financial System Stability Assessment
International Monetary Fund. Monetary and Capital Markets Department
The paper assesses the stability of Namibia’s financial system. Macrofinancial vulnerabilities have built up over a period of rapid economic growth in Namibia, and the financial cycle has now turned down. The sovereign debt/GDP ratio has nearly doubled since 2014 which has reinforced the already strong bank-sovereign link. The rapid rise in housing prices and household debt, banks’ large exposure to mortgages, and banks reliance on wholesale funding are sources of concern. A major decline in real estate prices would adversely affect bank capital and profitability. Financial sector oversight has been strengthened significantly since the 2006 Financial System Assessment Program, but further upgrades are needed.
Keywords:
ISCR; CR; Bank of Namibia and NAMFISA Acts; financial system; unit trust; bank assets; cars well; NPL ratio; bank capital; bank default; oversight action; markets Bill; market conduct issue; bank of Namibia; bank funding; Pension spending; Commercial banks; Nonbank financial institutions; Africa; Global
Cover IMF Working Papers
Building Supervisory Structures in Sub-Saharan Africa: An Analytical Framework
Mr. Marc G Quintyn
and
Mr. Michael W Taylor
Current trends in financial sector development in sub-Saharan Africa are prompting policymakers to focus on the design of appropriate supervisory structures. Against the backdrop of worldwide efforts to remodel supervisory structures, this paper develops an analytical framework for designing a regulatory strategy that could assist in prioritizing the needs for regulation and supervision over time. Such a strategy should facilitate the design of a supervisory structure suitable for an individual country's current and future needs. The paper emphasizes that in the case of sub-Saharan Africa, any such strategy is constrained by the reality of capacity limitations and should take into account the need to keep the central bank involved in the process. Building on the framework, the paper identifies a number of supervisory structures that could meet sub-Saharan Africa's needs.
Keywords:
WP; banking supervision; monetary policy; regulatory agency; SSA country; central bank responsibility; sector supervision structure; Africa; bank supervision; financial development; and financial regulation; securities supervision; central bank involvement; supervision of nonbank sector; oversight function; central bank's supervision; central bank staff; central bank's prestige; central bank expertise; aftermath of a banking crisis; supervision to the level; Nonbank financial institutions; Financial sector development; Sub-Saharan Africa