Wednesday, December 13, 2017 | 10:54 PM
 
 
   
 


Banking Supervision Department

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'To be a professional financial regulatory agency which capably exercises effective prudential regulation and supervision'

 
The Banking Supervision Department ensures financial stability in the country through the regulation and supervision of banks and other financial institutions. To achieve this role, the Department is guided by the Banking Act (Cap: 46:04), Collective Investment Undertakings Act (Cap 56:09) and the Bank of Botswana Act (Cap 55:01).

Each year, as required by the Banking Act, the Department is responsible for preparing the Banking Supervision Annual Report for presentation to the Minister of Finance and Development Planning. 

 

  In order to achieve its objectives, the Department:
 
  • sets transparent criteria and guidelines for market entry and exit;
 
  • receives and processes applications for banking licences against established procedures;
 
  • establishes and updates, on a regular basis, prudential policies and standards; monitors solvency, liquidity, large exposures, insider loans, prudent provisioning, risk management strategies and related management structures for effective governance;
 
  • establishes effective systems for on-site and offsite supervision of banks;
                        
  • ensures timely supervisory action and compliance with banking and other legislations governing the operations of financial institutions.


The Department is headed by a Director, supported by three Deputy Directors with responsibilities for Regulatory Policy and Licensing, Prudential Supervision and Consumer Affairs, respectively.

Director:
Dr L S Senatla

Personal Assistant:
Ms L Motumise
Tel: (267) 3606354
Fax: (267) 3913862
E-mail: motumisel@bob.bw

Secretary:
Ms L Lopez
Ms S Ndebele
Ms G Ramaretlwa

Deputy Directors:
Ms E Sennanyana
Mr G Ngidi
Mr G Baatholeng

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