A number of issues deliberated in Basel, Switzerland AGM. CBE Deputy Governor partakes at AfPI Leaders Roundtable
Mbabane – The risks of Artificial Intelligence (AI) in the financial sector headlines topical issues Governors from African Central Banks deliberated upon during an Annual General Meeting (AGM).
The Central Bank of Eswatini (CBE) Governor, Dr. Phil Mnisi, participated in the meeting of Governors from African Central Banks, yesterday. This meeting was part of the 94th Annual General Meeting of the Bank for International Settlements – BIS in Basel, Switzerland. The AGM had brought together various industry stakeholders to deliberate on cross-border payments and policy approaches to address the risks posed by Artificial Intelligence (AI) in financial services, among other pertinent matters.
Additionally, the AGM also featured a keynote address from BIS General Manager, Mr. Agustin Carstens, on the Bank’s Annual Economic Report. Other African Central Banks represented in the AGM were from Tanzania, South Africa, Namibia, Mozambique, Ghana and Zambia.
Meanwhile, the CBE Deputy Governor, Felicia Dlamini-Kunene participated in the 13th African Financial Inclusion Policy Initiative (AfPI) Leaders Roundtable held in Abidjan – Ivory Coast from 24 – 27 June 2024, co-hosted by Alliance for Financial Inclusion (AFI) and the Ministry of Finance and Budget, Cote d’Ivoire. In attendance were also industry experts from the Bank who included the Deputy Director Development Finance, Gcina Nxumalo, Lead Specialist – Payment Systems Oversight, Fikile Shongwe and Specialist – Market Conduct, Xolile Sangweni.
The four days 13th AfPI Leaders Roundtable programme was characterized by the AfPI Expert Group on Financial Inclusion Policy (EGFIP) meeting on the first day and the second day there was a Policy Discussion on Digital Payments and Infrastructure focusing on its implications the youth, women and micro-small medium enterprises (MSMEs) in Africa.
The AfPI Leaders meetings were closed off with announcement of changes in the Leadership of this Forum. The Central Bank of Seychelles handed over the Chairmanship to the Bank of Ghana while the Central Bank of Eswatini assumed the Vice-Chair position.
