Regulatory Alerts2023-01-01
Banking Act, 2023
Enacted by the Parliament of Botswana, this legislation establishes a comprehensive legal framework for licensing, regulating, and supervising banks and deposit-taking institutions to ensure systemic safety and soundness. The Act mandates strict capital adequacy, limits on foreign currency holdings and large exposures, and robust corporate governance standards for boards and senior management. It further empowers the Central Bank with comprehensive resolution tools, including bail-in mechanisms and official administration, while outlining clear liquidation procedures and appeal rights for financial entities.
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