Somaliland: Regulating for stability and investment attraction
ABDILAHI HAJJI JAMA ALI, THE GOVERNOR, CENTRAL BANK OF SOMALILAND
In response to emerging trends in the global economy, central banks have reacted in various ways, mainly either implementing highly expansionary and unconventional monetary policy, tighter financial regulation and supervision.
So what does the future hold for central banking in Africa? What broad challenges face central banks in the next 12 - 18 months?
African Alternative will focus on central banks perspectives on the current unfolding narratives, with emphasis on:
- Current macroeconomic environment and what does it mean for monetary policy? - Low growth, low inflation and low real and nominal interest rates.
- Implementing new financial regulation: Strengthening supervisory framework for a safer financial sector.
- The FinTech challenge: As it affects both prudential and consumer protection.
- Enhanced regional and international cooperation in the context of highly interconnected and cross-border financial markets
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