It should be of interest that the Bank of Botswana has, for more than 10 years now, insisted that domestic banks should maintain a capital adequacy ratio of 15 percent, which is more than double the new Basel Committee’s minimum requirement. It should not come as a surprise, therefore, that, throughout the financial crisis, the domestic banking sector remained well capitalised, sound and profitable.
Thirdly, I will touch upon the issues of smart and sound innovation in the credit bureau’s industry, whereby a credit bureau should act beyond the traditional boundaries and have the ability to connect new customers to all existing financial services.