Botswana: Technical Assistance Report-Banking Sector Safety Net and Crisis Management

March 7, 2017

Preview Citation

Format: Chicago

Botswana: Technical Assistance Report-Banking Sector Safety Net and Crisis Management, (USA: International Monetary Fund, 2017) accessed September 20, 2024

Summary

This Technical Assistance Report evaluates the banking sector safety net and crisis management in Botswana. The current legislative framework guiding bank resolution and financial sector crisis management is weak, and the authorities have embarked on a revision. The Bank of Botswana lacks some of the legal powers required for implementing corrective action for banks that are in breach of prudential requirements or are conducting business in an unsound or unsafe manner. Key elements for a corrective action framework, including a contingency plan for dealing with weak banks and guidance on indicative remedial measures based on well-defined triggers, are also lacking, and major amendments to the legal framework are needed.

Subject: Asset and liability management, Bank resolution, Bank resolution framework, Banking, Deposit insurance, Financial crises, Lender of last resort, Liquidity

Keywords: Bank distress, Bank resolution, Bank resolution framework, Banking group, Bridge bank, CR, Deposit insurance, Financial support, Global, ISCR, Lender of last resort, Liquidity, Monetary policy, Parent bank, Resolution framework

Publication Details

Pages:

108
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/049
Stock No:

1BWAEA2017001
ISBN:

9781475578720
ISSN:

1934-7685

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