The recent amendments to the Payment System Management Act also give the Bank of Namibia power to act if the market fails to ensure that fees and charges are transparent, competitive and commensurate with input costs. Another related issue is access by viable SMEs to financial services, in particular SME financing.
Let me also underscore that the fight for a clean and attractive international financial centre like ours is the concern of one and all, and is an ongoing process. Your input is and will remain valuable as we continue to modernize our regulatory framework. We shall continue to work towards a financial system that is as safe as possible.