Title Pan-African banks : opportunities and challenges for cross-border oversight / IMF staff team led by Charles Enoch, Paul Mathieu, and Mauro Mecagni

Published Washington, D.C. : International Monetary Fund, ©2015

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Description 1 online resource (102 pages) : color illustrations, color maps Series Departmental paper series ; [15/3] International Monetary Fund. African Department (Series) ; 15/3. Summary Pan-African banks are expanding rapidly across the continent, creating cross-border networks, and having a systemic presence in the banking sectors of many Sub-Saharan African countries. These banking groups are fostering financial development and economic integration, stimulating competition and efficiency, introducing product innovation and modern management and information systems, and bringing higher skills and expertise to host countries. At the same time, the rise of pan-African banks presents new challenges for regulators and supervisors. As networks expand, new channels for transmission of macro-financial risks and spillovers across home and host countries may emerge. To ensure that the gains from cross border banking are sustained and avoid raising financial stability risks, enhanced cross-border cooperation on regulatory and supervisory oversight is needed, in particular to support effective supervision on a consolidated basis. This paper takes stock of the development of pan-African banking groups; identifies regulatory, supervisory and resolution gaps; and suggests how the IMF can help the authorities address the related challenges Notes At head of title: African Department and Monetary and Capital Markets Department Bibliography Includes bibliographical references (pages 93-95) Notes Online resource; title from pdf title page (IMF Web site, viewed May 4, 2015) Series numbering from IMF Web site (viewed May 4, 2015) Subject Banks and banking, International -- Africa Banks and banking, International. Economic history. SUBJECT Africa -- Economic conditions -- 21st century Subject Africa. Form Electronic book Author Enoch, Charles, (IMF staff) Mathieu, Paul (Economist), (IMF staff) Mecagni, Mauro, (IMF staff) International Monetary Fund. International Monetary Fund. African Department. International Monetary Fund. Monetary and Capital Markets Department. ISBN 9781484325193 1484325192 9781484325209 1484325206 9781475547979 1475547978

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