Developing an Independent Regulatory Framework for the Financial Sector in Malaŵi

102 Pages Posted: 29 Nov 2014

See all articles by Sunduzwayo Madise

Sunduzwayo Madise

University of Warwick; University of the Western Cape; University of Malawi; University of Malawi

Date Written: May 2011

Abstract

Regulation of the financial sector has always been a prime concern of states and the regulatory bodies which usually put in place. This work undertakes an overview of Malaŵi's financial sector and the dominance of banking. It discusses regulatory models and concludes that Malaŵi has a silo regulatory matrix. It distinguishes regulation and supervision and notes that in most jurisdictions these powers reside in the same body. It analyses the independence of the financial regulator and concludes that the regulator in Malaŵi is under the direct control of the political executive, factually and legally. It proposes a regulatory framework which takes cognizance of the political economy of the country. It also offers solutions on how some of the projected bottlenecks or hurdles can be overcome.

Keywords: Regulation, Financial Services, Regulatory Independence, Malaŵi, Malawi

Suggested Citation

Madise, Sunduzwayo, Developing an Independent Regulatory Framework for the Financial Sector in Malaŵi (May 2011). Available at SSRN: https://ssrn.com/abstract=2531308 or http://dx.doi.org/10.2139/ssrn.2531308

Sunduzwayo Madise (Contact Author)

University of Warwick ( email )

Gibbet Hill Road
Coventry CV4 7AL, CV4 7AL
United Kingdom

HOME PAGE: http://www.sunduzwayomadise.com/

University of the Western Cape ( email )

Private Bag X17 Bellville
Cape Town, Western Cape 7535
South Africa

HOME PAGE: http://www.sunduzwayomadise.com/

University of Malawi ( email )

Faculty of Law (Chancellor College)
P.O. Box 280
Zomba
Malawi

HOME PAGE: http://www.sunduzwayomadise.com

University of Malawi ( email )

Chancellor College
Mathematical Sciences
Zomba, 265
Malawi

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