Regulatory Alerts2023-11-08
Added · Updated
NAMFISA RBS Methodology Framework
Issued by the Namibia Financial Institutions Supervisory Authority (NAMFISA), this framework establishes a dynamic, forward-looking risk-based supervision methodology for non-bank financial institutions, including insurance companies, pension funds, financial market infrastructures, and capital markets intermediaries. The methodology requires supervisors to conduct a structured assessment of business profiles, macroeconomic and industry factors, significant activities, capital adequacy, liquidity, and governance functions to calculate composite risk ratings. These ratings directly dictate a proportional ladder of supervisory interventions, ensuring NAMFISA allocates resources efficiently and implements timely, risk-focused oversight measures.