Namfisa hosts Zimbabwean delegation
The Namibian Financial Institutions Supervisory Authority (Namfisa) last week hosted a three-member delegation from the Securities and Exchange Commission of Zimbabwe.
The delegation, headed by the director for licencing, supervision and surveillance Norman Maferefa, was in Windhoek to gain insights into the authority’s operations, risk assessment tools and electronic regulatory system.
Johannes Smit, Namfisa’s deputy CEO for market conduct and operations, emphasised the important role the regulatory body plays in ensuring financial stability and transforming the financial sector for the benefit of both consumers and the Namibian economy.
"Operational efficiency and stakeholder engagement are key strategic themes for our organisation, and we are pleased to offer guidance and support to other regulators who wish to learn from our experience,” he said.
He added the focus on operational efficiency is aimed at enhancing service delivery through streamlined processes, aligned structures and systems and fostering a culture that builds human capacity to fulfil the organisation's mandate effectively.
Smit further noted that as a highly regarded regulator, Namfisa has assisted several regional bodies in improving regulatory and supervisory functions. These include Botswana’s Non-Bank Financial Institutions Regulatory Authority, the Tanzania Insurance Regulatory Authority and Eswatini’s Financial Services Regulatory Authority as well as Zimbabwe’s Insurance and Pension Funds (IPEC) regulatory body, among
others.
Namfisa CEO Kenneth Matomola currently serves as the chairperson of the Committee of Insurance, Securities and Non-Banking Financial Authorities (CISNA).
[email protected]
The delegation, headed by the director for licencing, supervision and surveillance Norman Maferefa, was in Windhoek to gain insights into the authority’s operations, risk assessment tools and electronic regulatory system.
Johannes Smit, Namfisa’s deputy CEO for market conduct and operations, emphasised the important role the regulatory body plays in ensuring financial stability and transforming the financial sector for the benefit of both consumers and the Namibian economy.
"Operational efficiency and stakeholder engagement are key strategic themes for our organisation, and we are pleased to offer guidance and support to other regulators who wish to learn from our experience,” he said.
He added the focus on operational efficiency is aimed at enhancing service delivery through streamlined processes, aligned structures and systems and fostering a culture that builds human capacity to fulfil the organisation's mandate effectively.
Smit further noted that as a highly regarded regulator, Namfisa has assisted several regional bodies in improving regulatory and supervisory functions. These include Botswana’s Non-Bank Financial Institutions Regulatory Authority, the Tanzania Insurance Regulatory Authority and Eswatini’s Financial Services Regulatory Authority as well as Zimbabwe’s Insurance and Pension Funds (IPEC) regulatory body, among
others.
Namfisa CEO Kenneth Matomola currently serves as the chairperson of the Committee of Insurance, Securities and Non-Banking Financial Authorities (CISNA).
[email protected]
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