For the 28 jurisdictions that are members of the Basel Committee on Banking Supervision, adopting Basel banking standards is a given. But why are some non-member developing countries embracing the reforms when they don’t have to? The answers vary by country, but the final lesson is that regulators should carefully evaluate the advantages and disadvantages of adopting Basel regulations in whole or in part for their nation’s unique situation.
Ms. Juliet Morris of International Banker interviews Mr. Henry F. Saamoi, CEO of International Bank (Liberia) on the banks role in the growth of Liberia, the digital solutions being implemented to improve customer service and his long career in banking.
Although Sierra Leone has been hard hit by a number of devastating factors, not the least of which the deadly Ebola virus, it is richly endowed with resources, human and natural. Making the most of the best the country has to offer has kept Union Trust Bank at the forefront of the country’s economic development. In our interview with him, CEO Dr. J. Sanpha Koroma explains how.