16
Mar
Hertta-Maria Amutenja The Bank of Namibia yesterday launched an Automated Regulatory Reporting System, which the central bank says will assist in maintaining financial stability and mitigate risks. The system, according to BoN will further enhance data collection and analytics capabilities. It will be available to regulated and supervised entities licensed by the Bank to conduct banking, currency exchange, and payment service provision activities. The system is a first for Namibia and is effective 1 February 2023. The Governor of the bank, Johannes !Gawaxab said the system engenders confidence in and contributes significantly to the stability and soundness of the domestic…