Conference: Cross-Border Banking and Regulatory Reforms: Implications for Africa from International Experience
Session III: International and European Experience on Regulation, Supervision, and Resolution of Cross-Border Banks
The European experience emanating from the global financial crisis clearly demonstrated the need for effective cross-border cooperation and resolution arrangements. Resolving cross-border financial institutions involved ad hoc costly interventions, and tensions related to different national priorities. Preserving financial stability required moving toward a supranational approach. The session will review the case for, the roadmap toward, and the experience to date on a common supervision and resolution framework involving home and host authorities. It will discuss international best practices on supervisory frameworks for bank-holding companies, a key issue in the context of Pan-African banking, and highlight lessons on implementation challenges in limited capacity settings prevailing in Africa.
Mr. Lyndon Nelson, Deputy CEO, Prudential Regulation Authority, UK
Mr. Neil Esho, Deputy Secretary General, BCBS
Ms. Julie Dickson, SSM Supervisory Board member, European Central Bank
Mr. Bertrand Peyret, Director, Prudential Control Agency, Bank of France
Moderator: Mr. Nigel Jenkinson, Assistant Director, Monetary and Capital Markets Department, IMF
Session IV: Key Takeaways on Cross-Border Banking and the Road Ahead for Effective Oversight of Pan-African Banks
The session will take stock of the dialogue on cross-border banking and the key lessons from the experience in Europe, placing the conference in the larger context of ongoing efforts to safeguard financial stability and foster sustained growth in Africa. It will underscore the priority to strengthen consolidated supervision and cross-border cooperation in Africa, and recommend that these efforts be actively pursued under the aegis of the Association of African Central Banks.
Governor Godwin Emefiele, Central Bank of Nigeria; President, AACB
Governor Tiémoko Meyliet Koné, BCEAO
Mr. Kuben Naidoo, Deputy Governor, Registrar of Banks, SARB
Moderator: Mr. Abebe Aemro Selassie, Director, African Department, IMF
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