Transcription of BANKING SUPERVISION ANNUAL REPORT 2016 - …
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BANKING SUPERVISION ANNUAL REPORT 2016 - …
112 MISONS1O TA2M2ES12 MIhMeSprincahThOMSlMMr2oSbniOc SjtvfBANKING SUPERVISIONANNUAL REPORT 2016 BANK OF BOTSWANABank of Botswana: BANKING SUPERVISION ANNUAL REPORT 20162 MISSION STATEMENTThe principal objective of the Bank of Botswana (Bank) is to promote and maintain monetary stability, an efficient payments mechanism, liquidity, solvency and proper functioning of a soundly based monetary, credit and financial system in view of the foregoing, the Bank s mission is to promote and maintain a safe, stable, sound, efficient and competitive BANKING system. In its supervisory role, the Bank is guided by the Bank of Botswana Act (CAP. 55:01), BANKING Act (CAP. 46:04) ( BANKING Act), BANKING Regulations 1995, Bureaux de Change Regulations 2004 and relevant directives, policies and guidelines issued under the BANKING Act, which govern the establishment and conduct of financial institutions over which the Bank has supervisory , the Bank seeks to promote market integrity, competition, fair trading practices and a high standard of governance through consultation and open communication with market players.
7 12MISONS1O TA2M2ES12MIhMeSprincahThOMSlMMr2oSbniOc Sjtvf This Annual Report provides information on banking regulation and supervision…
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