{
  "title": "Cross Border Banking and Regulatory Reforms: Implications for Africa from International Experience",
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  "summary": "| Column 1 | Column 2 | | --- | --- | | 13:30 – 13:45 | ; Welcome: Governor Ramerswurlall Basant Roi, Bank of Mauritius; | | 13:45 – 14:15 | ; Keynote Adress:\"Cross-Border Banking in Africa: Framing the Policy Issues\"; IMF Managing Director, Mme.",
  "sections": [
    {
      "heading": "Conference overview",
      "content": "- Event: Conference sponsored by the International Monetary Fund (IMF).\n- Date references: Sessions held on Thursday, February 2, 2017 (explicit schedule entries include \"Thursday, February 2, 2017\").\n- Primary focus: Implications for Africa from international experience on cross-border banking, regulatory reforms, supervision, and resolution."
    },
    {
      "heading": "Keynote addresses and speeches",
      "content": "- 13:45 – 14:15: Keynote Address titled \"Cross-Border Banking in Africa: Framing the Policy Issues\"; delivered by IMF Managing Director, Mme. Christine Lagarde (public with press).\n- 9:00 – 9:30 (Thursday, February 2, 2017): Keynote Address titled \"Resolving Cross-Border Banks—Lessons from the Nordic and European Banking Crises\"; delivered by Mr. Stefan Ingves, Chairman of the Basel Committee on Banking Supervision, and Governor of the Sveriges Riksbank.\n- Included speeches and presentations:\n  - \"Financial Stability and Pan-African Banking: Remarks for Conference on Cross-Border Banking and Regulatory Reforms\" by Christine Lagarde, IMF Managing Director.\n  - \"Resolving Cross-Border Banks—Lessons from the Nordic and European Banking Crises\" by Stefan Ingves, Chairman of the Basel Committee on Banking Supervision, and Governor of the Sveriges Riksbank."
    },
    {
      "heading": "Session I — Cross-Border Supervisory Cooperation in Africa (14:40 – 16:10)",
      "content": "- Purpose:\n  - Take stock of progress on enhancing cross-border cooperation in sub-Saharan Africa.\n  - Review consolidated supervision of Pan-African banking groups.\n  - Elicit authorities’ views on remaining challenges and the state of cooperation with other supervisors, including home supervisors of international banks operating in Africa.\n- Presentations and participants:\n  - Presentation: An update of the work on the increasing role of Pan-African banks and implications for financial integration in Africa.\n  - Governor Patrick Njoroge, Central Bank of Kenya.\n  - Governor Denny Kalyalya, Bank of Zambia.\n  - Governor Rogerio Zandamela, Banco de Moçambique.\n  - Mr. Abderrahim Bouazza, General Director, Bank Al Maghrib.\n  - Moderator: Anne-Marie Gulde-Wolf, Deputy Director, African Department, IMF.\n- Followed by: 16:10 – 16:25 Questions and Answers."
    },
    {
      "heading": "Session II — Private Sector Perspectives on Pan-African Banking (16:25 – 17:55)",
      "content": "- Purpose:\n  - Provide private sector views on Africa’s financial market potential and comparative perspectives on bank strategies for cross-border operations and expansion.\n  - Facilitate dialogue on private sector views regarding efforts to strengthen regulatory and prudential oversight frameworks in Africa.\n- Participants:\n  - Mr. Ade Ayeyemi, Group CEO, Ecobank.\n  - Mr. Brahim Benjelloun-Touimi, Group CEO, Banque Marocaine de Commerce Extérieur Group.\n  - Mr. J. Gilbert Gnany, Chief Strategy Officer and Executive Director, Mauritius Commercial Bank (MCB) Group Ltd.\n  - Mr. Charles Mudiwa, CEO, Stanbic Zambia.\n  - Moderator: Ms. Ratna Sahay, Deputy Director, Monetary and Capital Markets Department, IMF.\n- Followed by: 17:55 – 18:10 Questions and Answers."
    },
    {
      "heading": "Session III — International and European Experience on Regulation, Supervision, and Resolution of Cross-Border Banks (10:00 – 11:15)",
      "content": "- Context and rationale:\n  - The European experience from the global financial crisis demonstrated the need for effective cross-border cooperation and resolution arrangements.\n  - Resolving cross-border financial institutions involved ad hoc costly interventions and tensions related to different national priorities.\n  - Preserving financial stability required moving toward a supranational approach.\n- Objectives:\n  - Review the case for, the roadmap toward, and the experience to date on a common supervision and resolution framework involving home and host authorities.\n  - Discuss international best practices on supervisory frameworks for bank-holding companies, a key issue for Pan-African banking.\n  - Highlight lessons on implementation challenges in limited capacity settings prevailing in Africa.\n- Presentations and participants:\n  - Mr. Lyndon Nelson, Deputy CEO, Prudential Regulation Authority, UK.\n  - Presentation: Cross-Border Banking and Regulatory Reforms: Implications for Africa from International Experience; Mr. Neil Esho, Deputy Secretary General, BCBS.\n  - Ms. Julie Dickson, SSM Supervisory Board member, European Central Bank.\n  - Presentation: International and European Experience on Regulation, Supervision, and Resolution of Cross-Border Banks; Mr. Bertrand Peyret, Director, Prudential Control Agency, Bank of France.\n  - Presentation: Practical considerations in terms of cross border cooperation: Colleges of supervisors and Crisis Management Groups.\n  - Moderator: Mr. Nigel Jenkinson, Assistant Director, Monetary and Capital Markets Department, IMF.\n  - Presentation: Financial Sector Technical Assistance: Focus on Africa.\n- Followed by: 11:15 – 11:30 Questions and Answers."
    },
    {
      "heading": "Session IV — Key Takeaways and the Road Ahead for Effective Oversight of Pan-African Banks (11:45 – 13:00)",
      "content": "- Purpose:\n  - Take stock of dialogue on cross-border banking and key lessons from the European experience.\n  - Place conference findings in the larger context of ongoing efforts to safeguard financial stability and foster sustained growth in Africa.\n- Key emphasis and recommendations:\n  - Underscore the priority to strengthen consolidated supervision and cross-border cooperation in Africa.\n  - Recommend that these efforts be actively pursued under the aegis of the Association of African Central Banks (AACB).\n- Participants:\n  - Governor Godwin Emefiele, Central Bank of Nigeria; President, AACB.\n  - Governor Tiémoko Meyliet Koné, BCEAO.\n  - Mr. Kuben Naidoo, Deputy Governor, Registrar of Banks, SARB.\n  - Moderator: Mr. Abebe Aemro Selassie, Director, African Department, IMF.\n- Followed by: 13:00 – 13:15 Questions and Answers."
    },
    {
      "heading": "Cross-cutting findings and policy implications highlighted at the conference",
      "content": "- Significant efforts have already been made to enhance cross-border cooperation in sub-Saharan Africa, and consolidated supervision of Pan-African banking groups; nonetheless, many challenges remain.\n- European and international experience indicate:\n  - The need for effective cross-border cooperation and resolution arrangements.\n  - Resolving cross-border institutions through ad hoc interventions is costly and creates tensions across national priorities.\n  - Moving toward a supranational approach can help preserve financial stability.\n- Practical considerations for implementation:\n  - Develop a common supervision and resolution framework involving home and host authorities.\n  - Strengthen supervisory frameworks for bank-holding companies in the context of Pan-African banking.\n  - Address implementation challenges in limited capacity settings prevalent in Africa.\n- Recommended institutional approach:\n  - Actively pursue strengthened consolidated supervision and cross-border cooperation under the aegis of the Association of African Central Banks."
    }
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    "Event: Conference sponsored by the International Monetary Fund (IMF).",
    "Date references: Sessions held on Thursday, February 2, 2017 (explicit schedule entries include \"Thursday, February 2, 2017\").",
    "Primary focus: Implications for Africa from international experience on cross-border banking, regulatory reforms, supervision, and resolution.",
    "13:45 – 14:15: Keynote Address titled \"Cross-Border Banking in Africa: Framing the Policy Issues\"; delivered by IMF Managing Director, Mme. Christine Lagarde (public with press).",
    "9:00 – 9:30 (Thursday, February 2, 2017): Keynote Address titled \"Resolving Cross-Border Banks—Lessons from the Nordic and European Banking Crises\"; delivered by Mr. Stefan Ingves, Chairman of the Basel Committee on Banking Supervision, and Governor of the Sveriges Riksbank.",
    "Included speeches and presentations:",
    "Purpose:",
    "Presentations and participants:",
    "Followed by: 16:10 – 16:25 Questions and Answers.",
    "Purpose:",
    "Participants:",
    "Followed by: 17:55 – 18:10 Questions and Answers.",
    "Context and rationale:",
    "Objectives:",
    "Presentations and participants:",
    "Followed by: 11:15 – 11:30 Questions and Answers.",
    "Purpose:",
    "Key emphasis and recommendations:",
    "Participants:",
    "Followed by: 13:00 – 13:15 Questions and Answers.",
    "Significant efforts have already been made to enhance cross-border cooperation in sub-Saharan Africa, and consolidated supervision of Pan-African banking groups; nonetheless, many challenges remain.",
    "European and international experience indicate:",
    "Practical considerations for implementation:",
    "Recommended institutional approach:",
    "**Country Report**",
    "**Financial Inclusion: Macroeconomic Outcomes and Multiple Goals**",
    "**Session Iii Bertrand Peyret**",
    "**Closing Slides – Session III**",
    "**Session Iii Juliedickson Presentation**",
    "**Mauritius 20170122.key**",
    "**Staff Paper**",
    "**Resolving Cross-Border Banks: Lessons from the Nordic and European Banking Crises**",
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