Regulatory Alerts2019-11-29
Determination on Securitization Schemes
The Bank of Namibia has issued a formal determination establishing a comprehensive regulatory framework for traditional and synthetic securitization schemes under the Banking Institutions Act, 1998. The regulation designates Special Purpose Entities as exempt from standard public fund-receiving classifications, mandates strict operational conditions, risk-weighting standards, credit risk retention, and disclosure requirements for banking institutions and non-bank entities. It further outlines corrective measures, management responsibilities, and capital treatment rules to ensure transparency, limit recourse risks, and standardize the securitization market across Namibia.
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