Financial Regulation In Africa

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Financial Regulation in Africa

Author : Iwa Salami
Publisher : Routledge
ISBN 13 : 1317135121
Total Pages : 177 pages
Book Rating : 4.3/5 (171 download)

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Book Synopsis Financial Regulation in Africa by : Iwa Salami

Download or read book Financial Regulation in Africa written by Iwa Salami and published by Routledge. This book was released on 2016-04-15 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the wake of the global financial crisis, there has been a worldwide search for alternative investment opportunities, away from advanced markets. The African continent is now one of the fastest-growing economic regions in the world and represents a viable destination for foreign direct and portfolio investment. This book, which is the first comprehensive analysis of financial integration and regulation in Africa, fills a huge gap in the literature on financial regulation and would constitute an invaluable source of information to policy makers, investors, researchers and students of financial regulation from an emerging and frontier markets perspective. It considers how financial integration can facilitate African financial markets to achieve their full potential and provides a comparative study with the EU framework for financial integration and regulation. It assesses the implementation of effective and regional domestic infrastructures and how these can be adapted to suit the African context. The book also provides an assessment of government policies towards the integration of financial regulation in keeping with the regional agenda of the African Union (AU) and the African Economic Community (AEC).

Banking Regulation in Africa

Author : Folashade Adeyemo
Publisher : Routledge
ISBN 13 : 1000517071
Total Pages : 148 pages
Book Rating : 4.0/5 (5 download)

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Book Synopsis Banking Regulation in Africa by : Folashade Adeyemo

Download or read book Banking Regulation in Africa written by Folashade Adeyemo and published by Routledge. This book was released on 2021-12-28 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is little literature on the development of banking regulation in Nigeria, or the scope of powers of the Central Bank of Nigeria, which is its core banking sector regulator. The critical impetus of this book is to contribute to the literature of this area, with a detailed exploration of the Nigerian regulatory architecture. In addition, the book also engages in a comparative analysis with two emerging economies in Africa: South Africa and Kenya. It also considers the UK and the US as comparator jurisdictions in light of their regulatory responses to the global financial crisis of 2008. This book contributes to the ongoing discourse in this area by exploring, in detail, the theoretical underpinnings of regulation and supervision, to determine whether there is an understanding of what constitutes effective regulation in these jurisdictions. Given that Nigeria is the core jurisdictional focus, a historical account of banking exchanges from the pre-colonial era to more recent times is provided. Offering an understanding of how political, local and economic settings, in conjunction with the theories of regulation, have impacted and influenced regulatory development in Nigeria, the book engages in an examination of Nigeria’s historical experiences with bank failures, including the banking crisis it experienced in 2008. The newly enacted Banks and Other Financial Institutions Act 2020 is also explored as part of this discourse. Through a critical analysis of the law, the book demonstrates that the Nigerian regulator has historically adopted a reactionary strategy, instead of a proactive and pragmatic approach, which is imperative for an effective regulatory regime. The outcome of this analysis is that there are lessons to be learned, and proposals are discussed in order to rethink the act of banking regulation.

Financial Sector Development in Africa

Author : Thorsten Beck
Publisher : World Bank Publications
ISBN 13 : 0821396285
Total Pages : 255 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Financial Sector Development in Africa by : Thorsten Beck

Download or read book Financial Sector Development in Africa written by Thorsten Beck and published by World Bank Publications. This book was released on 2012-11-27 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume contains eight studies of financial sector challenges in Africa that served as background studies for Financing Africa: Through the Crisis and Beyond. One of the major challenges for African financial systems is to expand financial services to a larger share of the population. The chapters in this area cover microfinance in Africa, the role of technology, reforms of payment infrastructure, and financing agriculture. Two chapters cover challenges in increasing long-term finance; one covers housing finance and the other the role of sovereign wealth fund. The book also contains a detailed discussion of bank regulation and supervision, especially in light of the current regulatory reforms in Europe and North America. The final chapter provides a political economy perspective, discussing the conditions for activist government policies in the financial sector.

Extending Financial Inclusion in Africa

Author : Daniel Makina
Publisher : Academic Press
ISBN 13 : 0128142030
Total Pages : 342 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis Extending Financial Inclusion in Africa by : Daniel Makina

Download or read book Extending Financial Inclusion in Africa written by Daniel Makina and published by Academic Press. This book was released on 2019-06-09 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Extending Financial Inclusion in Africa unveils the genesis and transformation of Africa’s financial sector and its ability to provide finance for all. Contributors of the Book traverse the whole spectrum of African financial systems, examining their depth and breadth and empirically evaluating their appropriateness and effectiveness to achieve inclusive financial services. Explores the evolution of the financial sector in Africa from the pre-colonial to post-colonial era Investigates the financial inclusion–economic growth nexus Explores the role of financial regulation and governance in either enhancing or limiting financial inclusion Evaluates unintended consequences of financial inclusion, including over-indebtedness and increased propensity to spend Assesses cross-sectional evidence on the link between financial inclusion and technological developments such as the internet and mobile technology

Achieving Financial Stability and Growth in Africa

Author : Stephany Griffith-Jones
Publisher : Routledge
ISBN 13 : 1317301692
Total Pages : 186 pages
Book Rating : 4.3/5 (173 download)

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Book Synopsis Achieving Financial Stability and Growth in Africa by : Stephany Griffith-Jones

Download or read book Achieving Financial Stability and Growth in Africa written by Stephany Griffith-Jones and published by Routledge. This book was released on 2016-03-24 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores how the financial system should be regulated and structured to achieve the twin goals of inclusive growth and financial stability, with a focus on African low-income countries (LICs). The subject and content of this book is original in that it attempts to draw on the lessons and radical rethinking on the financial sector in developed and middle income countries, arising in the wake of the international financial crisis. It includes four in- depth country case studies, of Kenya, Ghana, Nigeria and Ethiopia, but also analyses the empirical evidence for Sub-Saharan Africa as a whole, evaluating the relevance (or not) of such major changes for the very different financial sectors and economies in low income countries. Achieving Financial Stability and Growth in Africa has major academic and policy implications, especially for low income countries, but also more generally, on broader issues. These include the desirable size of the financial sector, as well as more specific issues, such as the high cost of borrowing of small and medium enterprises in LICs, and possible measures to reduce it. Highly topical subjects like the appropriate regulation of the financial sector and management of capital flows are discussed in depth. Though drawing on comprehensive reviews of the literature, this volume has the virtue of the large comparative academic and policy experience of researchers, as well as in-depth case studies, that take account of institutional and economic features of low- income countries. Written by senior academics and policy-makers, this book is a must read for those researching or participating in the financial sectors of low-income countries, as well as in developed economies. It is also suitable for those who study political economy and public finance.

Making Finance Work for Africa

Author : Patrick Honohan
Publisher : World Bank Publications
ISBN 13 : 0821369105
Total Pages : 264 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Making Finance Work for Africa by : Patrick Honohan

Download or read book Making Finance Work for Africa written by Patrick Honohan and published by World Bank Publications. This book was released on 2007 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on its extensive experience in helping restructure and reform financial systems, the World Bank examines the state of African domestic financial systems in a global comparison. It identifies promising trends as well as pinpointing the major shortcomings that are observed across sub-Saharan Africa. Policy recommendations distinguish between those designed to make finance a more effective driver of economic growth and those designed to give low income, small-scale and other excluded groups better access to financial services.

Financing Africa

Author : Samuel Munzele Maimbo
Publisher : World Bank Publications
ISBN 13 : 0821387979
Total Pages : 325 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Financing Africa by : Samuel Munzele Maimbo

Download or read book Financing Africa written by Samuel Munzele Maimbo and published by World Bank Publications. This book was released on 2011-09-07 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financing Africa takes stock of Africa's financial systems in light of recent changes in the global financial system --including the greater risk aversion of international investors, a shift in economic and financial powers towards emerging markets and the regulatory reform debate - and the increasing role of technology. Using a wider and more detailed array of data than previous publications, we observe a trend towards financial deepening, more stability and more inclusion leading up to the crisis; serious challenges, however, continue, including limited access to financial services, focus on short-term contracts and hidden fragility, related to weak regulatory frameworks, undue government interference and governance deficiencies. Our policy analysis therefore focuses on (i) expanding outreach, (ii) fostering long-term finance and (iii) improving regulation and supervision. We identify the positive role of innovation and competition, a stronger focus on non-traditional financial service providers, and more emphasis on demand-side constraints as priority areas for policy actions. Specifically, competition from new players outside the banking system, including telecomm companies can increase outreach with technological innovation that changes the economics of retail finance. Moving beyond national stock exchanges that are not sustainable in most African countries towards regional solutions and over-the-counter trades can help foster long-term finance, as can addressing governance challenges in contractual savings institutions, including life insurance companies and pension funds. Finally, there is a need to look beyond supply-side constraints towards users of financial services, focusing more on financial literacy of households and firms, but also consumer protection. In formulating policy messages, we carefully distinguish between different country groupings, differentiating -- among others -- between low- and middle-income and small and larger economies, with a special focus on resource-based economies and post-conflict countries. This book reaches out to both policy makers concerned about a more inclusive and effective financial system and other stakeholders, including practitioners and development partners. With this book we aim to contribute to the on-going financial sector debate on Africa, with the ultimate goal of faster economic development and poverty reduction.

The Regulation of Mobile Money

Author : Sunduzwayo Madise
Publisher : Springer
ISBN 13 : 3030138313
Total Pages : 423 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis The Regulation of Mobile Money by : Sunduzwayo Madise

Download or read book The Regulation of Mobile Money written by Sunduzwayo Madise and published by Springer. This book was released on 2019-03-26 with total page 423 pages. Available in PDF, EPUB and Kindle. Book excerpt: The emergence of mobile money and other new forms of payment has changed the sovereign foundations of money. Starting as a Department for International Development funded project in Kenya, mobile money has now spread to many developing countries. This book looks at the regulatory issues that mobile money poses, and the potential risks to the financial system. It undertakes a comparative study of mobile money regimes in Kenya, Malaŵi, Tanzania, and South Africa. Although the main study is on Malaŵi, the lessons learnt are valuable to Sub Saharan Africa in understanding the regulatory issues surrounding mobile money. The main argument that this book makes is that the traditional regulatory architecture of supervising the financial services is ill-suited to supervise new forms of money like mobile money. With no requirement for a bank account, mobile money is not subject to prudential regulation. Mobile money is now considered a key developmental tool to achieve financial inclusion among the poor, rural based, unbanked, and underbanked. As opposed to traditional additive forms of financial inclusion, mobile money is transformative. In most jurisdictions where it has been launched, mobile money has largely been regulated using light-touch, with regulation following innovation. This work, however, proposes an approach based on the concept of really responsive regulation. This approach is best suited to embrace mobile money as it passes from the pre-financial inclusion to the post-financial inclusion phases of its evolution. This book will appeal to students and academics in the financial regulation field.

Banking in Africa

Author : Martin Brownbridge
Publisher : Africa World Press
ISBN 13 : 9780865436930
Total Pages : 258 pages
Book Rating : 4.4/5 (369 download)

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Book Synopsis Banking in Africa by : Martin Brownbridge

Download or read book Banking in Africa written by Martin Brownbridge and published by Africa World Press. This book was released on 1998 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a review of the evolution of the post-independence banking system in Africa. There is a strong focus on the problems of restructuring of banking institutions and the management of the bad and non-performing assets of public sector institutions.

South Africa: Financial Sector Assessment Program-Technical Note on Banking Regulation and Supervision

Author : International Monetary
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 49 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis South Africa: Financial Sector Assessment Program-Technical Note on Banking Regulation and Supervision by : International Monetary

Download or read book South Africa: Financial Sector Assessment Program-Technical Note on Banking Regulation and Supervision written by International Monetary and published by International Monetary Fund. This book was released on 2022-06-17 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: The implementation of a twin peaks model represents a significant change to the South African financial supervisory architecture. The Prudential Authority (PA), operating within the administration of the South African Reserve Bank (SARB), is responsible for promoting and enhancing the safety and soundness of financial institutions that provide financial products and securities services. A separate authority, the Financial Sector Conduct Authority2 (FSCA), is responsible for market conduct regulation and supervision. The introduction of the twin peaks architecture was motivated by a need to increase the robustness of the financial sector regulatory and supervisory system, reinforce financial stability, improve protection of customers, and enhance cooperation among the regulators.

Financial Technology Regulation in Africa

Author : Iwa Salami
Publisher : Routledge
ISBN 13 : 9780367709259
Total Pages : 0 pages
Book Rating : 4.7/5 (92 download)

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Book Synopsis Financial Technology Regulation in Africa by : Iwa Salami

Download or read book Financial Technology Regulation in Africa written by Iwa Salami and published by Routledge. This book was released on 2024-10-11 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book comprehensively analyses financial technology law and regulation in Africa and provides domestic and regional perspectives on regulating FinTech in Africa. It studies policy considerations that can assist African policymakers in facilitating a balanced regulatory approach that does not stifle financial innovation. The growth of Financial Technology in Africa presents huge opportunities for inclusive growth on the African continent. Digital finance, which sits at the heart of financial technology, could be key to place Africa back on the economic recovery trajectory after the Covid-19 crisis, facilitating its speed in achieving the UNSDG 2030 goals and setting the continent on course to meet its African Union Agenda 2063. This book: - Examines mobile financial services, crowdfunding, crypto-assets, digital currencies including central bank digital currencies, decentralised finance and open banking and finance, all from an African perspective; - Explores the status of regulation in these areas in Africa, highlighting areas where regulation is lacking, inadequate and in needing of reform; - Highlights pragmatic approaches to regulation such as including the adoption of regulatory sandboxes, regulatory technology and discusses requirements for the adoption of supervisory technology in Africa; - Scrutinizes the implications of developments in the FinTech space in Africa for international security, economic and financial stability. Placing Africa in the global context, the book argues for an international effort to understand the global dimensions of FinTech developments to adopt robust global regulatory frameworks in developing parts of the world. It will provide useful insights to investors, policy makers and entrepreneurs. It will also be essential reading for students and researchers in the field of technology, public policy, regulatory policy, financial policy, banking, and finance law.

The Economics of Banking and Finance in Africa

Author : Joshua Yindenaba Abor
Publisher : Springer Nature
ISBN 13 : 3031041623
Total Pages : 1093 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis The Economics of Banking and Finance in Africa by : Joshua Yindenaba Abor

Download or read book The Economics of Banking and Finance in Africa written by Joshua Yindenaba Abor and published by Springer Nature. This book was released on 2022-09-17 with total page 1093 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book evaluates the characteristics and developments in Africa’s financial systems, including monetary policy, structured finance, sustainable finance and banking, FinTech, RegTech, SupTech, inclusive finance, the role of regulation in dealing with banking crises, the impact of the COVID-19 pandemic on Africa’s financial systems and how to reform the post-COVID-19 financial systems. It is made up of contributions from scholars in finance and economics as well as financial market practitioners. Banking and the financial markets play a significant role in the growth of various economies. Although a number of handbooks on banking and finance exist, they mainly focus on Europe, America and Asia. Banks and financial markets in Africa are confronted with different challenges and therefore present a unique case to understand Africa’s financial systems. A number of African countries have experienced banking crises and it is important to examine these issues as well as the regulatory regimes required to address them. This edited book contributes to the limited texts in the area by providing a comprehensive resource on banking and finance for students, scholars, researchers, policymakers, and financial market practitioners. It contains various theoretical and empirical chapters on banking and finance in Africa.

Market Abuse Regulation in South Africa, the United States of America and the United Kingdom

Author : Howard Chitimira
Publisher : Vernon Press
ISBN 13 : 1622734009
Total Pages : 236 pages
Book Rating : 4.6/5 (227 download)

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Book Synopsis Market Abuse Regulation in South Africa, the United States of America and the United Kingdom by : Howard Chitimira

Download or read book Market Abuse Regulation in South Africa, the United States of America and the United Kingdom written by Howard Chitimira and published by Vernon Press. This book was released on 2018-05-15 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a concise comparison of the regulation and enforcement of the anti-market abuse laws (insider trading and market manipulation) in South Africa, the United States of America (USA) and United Kingdom (UK). Bringing together a number of previously published articles, the book provides a novel discussion of the challenges associated with the enforcement of market abuse laws in both developing countries such as South Africa and developed ones such as the USA and the UK. This is primarily done to examine and expose the current strengths and weaknesses of market abuse laws in relation to certain aspects of the corporate, securities and financial markets environments in South Africa, the USA and the UK. Accordingly, chapters two to five of the book unpack the regulation and enforcement of market abuse laws in South Africa and the USA in a comparative perspective. Thereafter, chapters six to eight of the book discuss the regulation and enforcement of market abuse laws (Financial Markets Act 19 of 2012) and other related statutes in South Africa and the UK. The book proposes some measures that could be utilised to enhance the enforcement of anti-market laws in South Africa, USA and the UK. New market abuse-related challenges that occurred during the global financial crisis are also briefly discussed. The book further provides a relatively adequate overview of the comparative analysis of the regulation of market abuse in South Africa versus two key developed and respected jurisdictions, namely, the USA and the UK. Accordingly, it is hoped that the book can aid regulatory authorities, financial market participants, academics, students and other interested readers to understand market abuse offences and possible measures that could be employed to combat such offences.

African Finance in the 21st Century

Author : Marc Quintyn
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 :
Total Pages : 352 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis African Finance in the 21st Century by : Marc Quintyn

Download or read book African Finance in the 21st Century written by Marc Quintyn and published by INTERNATIONAL MONETARY FUND. This book was released on 2010-01-14 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial sector development in sub-Saharan Africa continues to lag behind the rest of the world, despite some recent positive achievements. There is a growing consensus that financial development fosters economic growth, so why has more not been done to spur financial advancement in Africa? This book is one of the few that tackles the debate of financial development in Africa head on. It stems from the proceedings of a high-level conference organized by the IMF Institute with contributions by experts from official agencies in Africa, international financial institutions, the private sector, and academia. The book begins by presenting the reader with compelling theoretical perspectives on the determinants of financial growth, empirical analyses of the impediments to financial growth and overviews of developments in individual sectors. It discusses policy issues related to financial sector stability, regulation and supervision. The final part investigates how specific measures can create room for financial growth, even when the broader institutional framework remains weak. Case studies demonstrate how individual countries have tried to stimulate financial development, or how specific measures, such as the establishment of credit reporting systems, can generate a positive impact on financial growth. Everyone interested or involved in deepening finance in Africa will find information and inspiration in this insightfull collection of papers.

West African Economic and Monetary Union

Author : Patrick A. Imam
Publisher : International Monetary Fund
ISBN 13 : 1484348222
Total Pages : 46 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis West African Economic and Monetary Union by : Patrick A. Imam

Download or read book West African Economic and Monetary Union written by Patrick A. Imam and published by International Monetary Fund. This book was released on 2013-10-22 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial system in the WAEMU remains largely bank-based. The banking sector comprises 106 banks and 13 financial institutions, which together hold more than 90 percent of the financial system’s assets (about 54 percent of GDP at end-2011). Five banks account for 50 percent of banking assets. The ownership structure of the sector is changing fast, with the rapid rise of foreign-owned (pan-African) banks. This contributes to higher competition but also rising heterogeneity in the banking system, with large and profitable cross-country groups competing with often weaker country-based (and sometime government-owned) banks. Nonbank financial institutions are developing quickly, notably insurance companies, but remain overall small. This paper presents a detailed analysis of the banking system.

Bank Regulatory Reforms in Africa

Author : V. Murinde
Publisher : Palgrave Macmillan
ISBN 13 : 9780230313330
Total Pages : 0 pages
Book Rating : 4.3/5 (133 download)

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Book Synopsis Bank Regulatory Reforms in Africa by : V. Murinde

Download or read book Bank Regulatory Reforms in Africa written by V. Murinde and published by Palgrave Macmillan. This book was released on 2011-12-16 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the wake of the recent financial crisis that has created enormous regulatory risks, changes in the content of banking regulation are crucial. In this book, policy makers and advisors from central banks across Africa discuss this topical subject, focussing on how to enhance bank competition and intermediation efficiency in the region.

African Development Finance and Business Finance Policy

Author : Atsede Woldie
Publisher : Routledge
ISBN 13 : 1134731388
Total Pages : 194 pages
Book Rating : 4.1/5 (347 download)

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Book Synopsis African Development Finance and Business Finance Policy by : Atsede Woldie

Download or read book African Development Finance and Business Finance Policy written by Atsede Woldie and published by Routledge. This book was released on 2014-05-01 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial plans that stimulate growth and eliminate poverty in developing African countries! African Developmental Finance and Business Finance Policy presents theoretical/conceptual and empirical articles that provide invaluable insights into successful business techniques and strategies for the African business arena—the last great frontier of international business expansion. Researchers and practitioners in the field of developmental finance discuss the design and implementation of financial policies for pro-poor growth and poverty alienation in developing countries, including Kenya, Zambia, Nigeria, Mauritius, and Zimbabwe. The book focuses on banking, business finance, and investment, detailing strategies for coping with a small financial system, bank licensing policies, correction action rules, quality of banking services, and the revitalization of the African stock exchange. African Developmental Finance and Business Finance Policy features papers presented on key policy issues addressed at the April 2001 international conference of the Institute for Developmental Policy and Management at the University of Manchester in England. Topics addressed include: financial regulation, interest rates bank ownership regulatory forbearance emerging stock markets determinants of capital structure financial reform and much more! Targeted to policymakers in government and international agencies, academics, consultants, and executives, African Developmental Finance and Business Finance Policy is an essential resource for advancing and communicating research on developmental policy in developing countries.