2023-11-08

Circular on Risk-Based Supervision Methodology Framework

The regulatory authority issued a circular establishing a risk-based supervision methodology framework that requires supervised entities to undergo periodic risk profiling and proportional oversight. This updated framework mandates revised assessment criteria, enhanced reporting protocols, and targeted interventions to address emerging systemic vulnerabilities. Implemented in October 2024, the circular standardizes regulatory scrutiny to improve compliance efficiency and capital allocation.

Namibia

Namibia Financial Institutions Supervisory Authority

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Create Date November 8, 2023

Last Updated October 18, 2024

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