The Bill intends to repeal the Capital Market Development Act No 17 of 1990 (CMDA) which is considered to be less comprehensive in terms of coverage. The Bill is currently awaiting enactment by Parliament.
Nonetheless, some general guidelines on the subject from BCBS would be helpful, and they will make the exercise more consistent region-wide. 2. Central Banks in our region could develop a peer-group approach for this exercise so they could learn from each other. 3. It seems that the D-SIBs proposal is restricted to banks. Would Non-bank Financial Institutions (NBSFIs) be considered?