Making Finance Work for Africa and the Association of African Central Banks Organize a Training Seminar on Cross-Border Banking Supervision in Africa
Senior officials from African central banks gathered in Cape Town to kick-off seminar on “Cross-Border Banking Supervision"Cape Town -
Senior officials from twenty two (22) African central banks are gathered in Cape Town for a five-day seminar on "Cross-Border Banking Supervision in Africa", which will wrap up on January 29th. This continent-wide training seminar is co-organized by Making Finance Work for Africa Partnership (MFW4A) and the Association of the African Central Banks (AACB), and hosted by the South African Reserve Bank (SARB). With cross-border banking becoming an increasingly important feature of African financial systems, the practice of supervising increasingly complex and interconnected financial groups arises as a key challenge and a policy priority for the continent. This interactive program, with its mix of lectures and case studies, is designed to enhance participants' understanding of cross-border banking supervision, and aims to provide them with a practical approach to surveillance and leadership skills. Discussions at the seminar will revolve around the following questions: (i) are supervisors well equipped in their surveillance of financial entities which have expanded beyond national borders and even crossed sectorial boundaries? and (ii) What issues should they be mindful of and what measures can they take both in "normal" circumstances and in times of stress? The seminar is also part of the three-year program of the Community of African Banking Supervisors (CABS), a technical committee under the AACB supported by MFW4A and its development partners. The Toronto Centre is delivering the training with financial support from the German Agency for International Cooperation (GIZ).