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

International Monetary Fund

No 2017/049, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; parent bank; banking group; monetary policy; resolution framework; bank distress; bridge bank; financial support; Lender of last resort; Bank resolution framework; Bank resolution; Liquidity; Deposit insurance; Global (search for similar items in EconPapers)
Pages: 108
Date: 2017-03-07
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