The Namibian Financial Institutions Supervisory Authority (Namfisa) hosted a three-member delegation from the Securities and Exchange Commission of Zimbabwe.
The delegation, headed by director for licensing, supervision, and surveillance Norman Maferefa, aimed to gain insights into Namfisa’s operations, specifically its risk assessment tool and the electronic regulatory system.
“Operational efficiency and stakeholder engagement are key strategic themes for our organisation, and we are pleased to offer guidance and support to other regulators who wish to learn from our experience,” says Namfisa deputy chief executive for market conduct and operations Johannes Smit.
“The focus on operational efficiency is aimed at enhancing service delivery through streamlined processes, aligned structures and systems and fostering a culture that builds human capacity to fulfil the organisation’s mandate effectively.”
Namfisa has assisted several regional bodies in improving regulatory and supervisory functions, such as Botswana’s Non-Bank Financial Institutions Regulatory Authority, the Tanzania Insurance Regulatory Authority, Eswatini’s Financial Services Regulatory Authority, as well as Zimbabwe’s Insurance and Pension Funds regulatory body, among others.
Namfisa chief executive Kenneth Matomola is currently serving as the chairperson of the Committee of Insurance, Securities and Non-Banking Financial Authorities, a regional body that aims to promote the harmonisation of regulatory and supervisory regimes within the SADC region.
–The Brief
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