As a result serious skills gaps have emerged in banking supervision. It is in this context that I wish to applaud MEFMI for its efforts to contribute to capacity building in bank supervision at regional level. I have no doubt that this workshop could not have been better timed.
Malawi’s banking system has eleven banks three of which are pan- African: Standard Bank, NEDBANK and Ecobank. But there is also strong foreign presence in three other banks. Moreover, some of the locally registered banks have already opened branches or acquired controlling stakes in banks in neighboring countries.