New Examiners at RBM Trained on Regulation and Supervision

As part of its efforts to support member countries in improving their regulatory and supervisory practices, MEFMI conducted an in-country workshop on Introduction to Regulation and Supervision of Financial Institutions for the Reserve Bank of Malawi (RBM). The workshop was in response to the request made by RBM to have its newly recruited examiners trained on the basics of financial sector regulation and supervision. In this respect, the workshop aimed to provide a formal and practical training programme to enhance the participants’ understanding of financial sector regulation and supervision. The training was held from 12 to 16 September 2022 at Mt Soche Hotel in Blantyre, Malawi.

The workshop covered topics such as the overview of regulation and supervision, risk-based supervision, onsite examinations, offsite surveillance, financial statement analysis and effective report writing. A total of 28 officials from the Financial Sector Regulation and Supervision Department covering Bank Supervision, Microfinance and Capital Markets as well as Insurance and Pensions, participated in the workshop. Thirteen (i.e., 46 percent) of the participants were female while the remainder were male. MEFMI expects the participants to use the knowledge acquired from the workshop to improve their effectiveness as examiners.

MEFMI will organise follow-up capacity-building activities for this cohort of new examiners.

The workshop was facilitated by Messrs Apollo Obbo and Gift Chirozva, Independent consultants, as well as Messrs Patrick Mutimba and Noel Mahombera, MEFMI staff.

By Noel Mahombera