This could be a starting point. Regulatory challenges keep multiplying on the regulators’ table. For instance, we observe in our jurisdiction here that the distinction between subsidiaries and branches are blurring. Instead of being incorporated locally as completely separate legal entities, subsidiaries of big banking groups are being organized along business lines.
Different subsidiaries of the same banking groups are being set up in different jurisdictions with different facilities and advantages. Would a failure of one of the subsidiaries not bring down the entire group? Ladies and gentleman, there is a multiplicity of complex regulatory issues that need to be resolved by governments and regulatory authorities in the African continent.