Financial System Stability Directorate

There are five departments under this directorate:
  1. Banking Supervision Department
  2. Consumer Protection Department
  3. Financial Policy and Regulation Department
  4. Other Financial Institutions Supervision Department
  5. Payments System Management Department

This directorate is charged with the supervision and regulation of banks and financial institutions as well as the implementation of economic policies of the Bank.

Departments under this directorate are:-


  1. Banking Supervision

    The department has the following mandate:

    • Conduct of off-site surveillance and on-site examination of Deposit Money Banks, Specialized Institutions, Credit Registry Bureaux, and related institutions.
    • Development of standards for examinations and consolidated supervision.


  2. Consumer Protection

    The department has the following mandate:

    • Develop and implement an effective consumer protection framework that promotes consumer confidence in the financial system.


  3. Financial Policy and Regulation

    The department has the following mandate:

    • Developing policies & regulations aimed at ensuring financial system stability
    • Licensing & approvals for banks and other financial institutions.


  4. Other Financial Institutions Supervision

    The department has the following mandate:

    • Conduct of off-site surveillance and on-site examination of Microfinance Banks, Bureaux-de-Change, Development Finance Institutions, Primary Mortgage Institutions and Finance Companies.

  5. Payments System Managment Department

    The department has the following mandate:

    • To license, regulate, supervise and monitor Payments Service Providers.


  6. See departments under other directorates: