The Namibia Financial Institutions Supervisory Authority (Namfisa) recently hosted the 46th Committee of Insurance, Securities and Non-Banking Financial Authorities (Cisna) meeting at Swakopmund.
Namfisa spokesperson Victoria Muranda says the event drew participation from 24 Cisna member authorities, representing 14 member states, along with representatives of the Southern African Development Community (SADC) secretariat and the committee of SADC stock exchanges.
“Eight model laws related to insurance, microfinance, and other financial services sectors were approved to harmonise regional regulations,” she says.
“Cisna revamped its corporate identity to better identify with the SADC and member states. This was in celebration of their 25th anniversary,” Muranda says.
Additionally, the general council discussed various initiatives, including a risk-based approach project, carbon trading, and sustainable finance.
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