11 As a result, qualifying community banks will only need to calculate and meet a single measure of capital adequacy, rather than multiple measures. We have also proposed a reduction in the burden of reporting requirements for community banks, and expect soon to propose an exemption for community banks to the Volcker rule.
Those of you interested in the history of interest rates and exchange rate management in Malawi can find that on our website (www.rbm.mw). The authorities recognized the need to accelerate private sector growth in order to diversify the economy and increase foreign exchange generation. But the need for long-term finance was then, as it is today, quite acute.