Supervision of Banks
Broadly, Supervision and regulation of banks is aimed at safeguarding the interests of both present and potential depositors and other creditors as well as to ensure safety, soundness and stability of the banking system
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The purpose of a vigilant licensing process is to protect the interests of
depositors and the public and help minimise future bank failures by ensuring
that only fit and proper players are allowed to conduct banking business in the
country. Bank licensing policy helps ensure that only shareholders of
appropriate standing and repute with adequate financial capacity are licensed to
conduct banking business. Subject to this requirement, impediments to the entry
of new players are kept to a minimum with the view to levelling the playing
field and open up the system to fair competition and product innovation.
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Directives and Guidelines are designed with the view to guiding market players on proper functioning of the banks by following international best practices. Building on the relevant Acts, the directives and guidelines afford regulatory flexibility to address emerging issues that would not otherwise wait upon the review of the acts and so add value to the financial system
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GUIDELINES
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CONTACTS
Further information or inquiries concerning the preparation, submission and
status of an application should be submitted to:
The Director
Bank Supervision Department
Reserve Bank of Malawi
P. O. Box 565
Blantyre
Malawi
Tel. No.: (265) 1 820 999
Fax No.: (265) 1 821 311
Email: noelmkulichi@rbm.mw or BASU@rbm.mw
Disclaimer
Every effort has been made to ensure that the information herein contains
accurate and reliable information prevailing at the time of publication.
However, where the contents are at variance or in conflict with the Banking Act
or related Guidelines and Directives issued by the Reserve Bank of Malawi, the
latter shall take precedence over the former.