NAMFISA recently engaged stakeholders regarding the introduction of a Risk-Based Supervisory model. The model envisages nine steps and emphasises the trustees’ responsibility for mitigating the risks.
Since 2015, NAMFISA has issued draft standards and regulations under the FIM Bill and the FIM Act to the Industry for comment.
Bank of Namibia (BoN) Governor Johannes !Gawaxab has cautioned against excessive regulation, warning that stringent policies could hinder economic growth and drive businesses into the informal sector...