The Namibian Financial Institutions Supervisory Authority (NAMFISA) is hosting a 7-member delegation from the Insurance and Pensions Commission (IPEC) of Zimbabwe.
The delegation headed by Blessmore Kazengura, the Director for Finance, is in the country to study the Authority’s operations and understand how NAMFISA’s two-pronged supervision, viz prudential and market conduct supervision, amongst others work.
“Stakeholder engagement remains a key strategic theme as an organization, and we are happy to share and support other regulators who undertake study tours to learn from us,†NAMFISA’s Deputy CEO for Prudential Supervision, Erna Motinga said.
The engagement between NAMFISA and IPEC comes as the non-banking sector regulator has assisted several regional bodies in improving their regulatory and supervisory functions.
Financial Regulators that benefited from engagements with NAMFISA include Botswana’s Non-Bank Financial Institutions Regulatory Authority (NBFIRA), the Tanzania Insurance Regulatory Authority (TIRA) and Eswatini’s Financial Services Regulatory Authority (FSRA), as well as the Securities and Exchange Commission of Zimbabwe (SECZ), amongst others.
NAMFISA’s CEO Kenneth Matomola is currently serving as the Chairperson of the Committee of Insurance, Securities and Non- Banking Financial Authorities (CISNA) for the next two years, a regional body which aims to promote harmonisation of regulatory and supervisory regimes within the SADC region.
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