The rising trend of crossborder banking in Africa is an opportunity to further strengthen regional financial integration. In this regard, the work of the Association of African Central Banks under the auspices of the Community of African Banking Supervisors (CABS) is an important initiative to consider the potential macro financial spillovers across countries.
The answer is that the two are tightly linked. We care a great deal about the financial system because a serious disruption in it would affect our ability to conduct monetary policy, and because increasing the efficiency of the financial system can increase the effectiveness of our monetary policy.