Alternatively, one can think of the bank as having acquired deposit insurance – which allows depositors to sleep through time 1 – and the deposit insurer as having imposed a capital requirement of (1- zi) on the bank so as to reduce its expected losses to zero.
Both projects are closely co-ordinated between the Bank and commercial banks and for each a steering committee has been created. 2  BIS Review 53/2004  Namibia has implemented a settlement system through Perago who was the system and service provider and also project manager.