Regulatory Framework and Capital Adequacy Requirements for Non-Banking Financial Institutions

The adoption by SADC central banks of comprehensive supervision systems for the financial sector and the resultant changes to legislation and regulations has brought about major challenges to the operations of non-banking FIs, especially in the area of capital adequacy requirements.

The research will assess the nature of capital requirements; evaluate the enabling supervisory legislation and regulations; evaluate their impact on non-banking FIs; and explore opportunities for regional harmonisation in the legislation and application of capital adequacy standards.