The development of a clear supervisory framework for foreign banking organizations will improve the safety and soundness of the banking sector as a whole. And in addition, the supervision of foreign banking organizations may provide a training opportunity to host supervisors in developing countries, given the quality of information and risk management practices in many foreign banking organizations operating in their market.
Director of Ceremonies, you maybe asking yourself, why are we here this evening when the Bank of Namibia has figured it all out already? Financial inclusion is not a one-person show. Its success will depend on the presence of an institutional environment with clear lines of accountability and coordination between Government, regulators, financial institutions, and other key stakeholders.