PAN-AFRICAN BANKS OFFER MORE FINANCIAL SERVICES TO MORE AFRICANS – BUT REGULATION IS PROVING A CHALLENGE

AFRICA’S economic growth means it does not just have more banks than before, banking groups are spreading across national borders. And while this can boost banks’ lending and savings security, it also complicates the job of regulators charged with ensuring such institutions are honest and solvent. The challenge is of concern at the highest levels of the financial sector. Speaking to a conference on cross-border banking and regulatory reforms held in Mauritius, this February, Christine Lagarde, the IMF’s managing director, said: “The expansion of ...


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