As far as potential contributions by LCBMs to financial stability are concerned, I would like to mention just a few which have proven important, not least in the context of the current financial crisis.   Deeper LCBMs reduce the vulnerability of the relevant EMEs to fluctuating interest rates and exchange rates.
In order to ensure fair treatment of consumers by banking institutions, in 2013, the Guidelines for Lodging Complaints and a Code of Good Banking Practices, which guide consumers on how to lodge complaints against commercial banks and commercial banks on how to deal with such complaints, respectively, haves been developed jointly by the Bank of Namibia and the Banker’s Association of Namibia.