Botswanan governor announces formation of financial stability council

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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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