Objective of the Financial System Development Department
The Financial System Development Department (FSDD) has primary responsibility for the development, maintenance and refinement of regulations, policies, and procedures to enable the Bank to effectively undertake the supervision of and ensure the sound prudential management enforcement of the banking, financial services, savings and loan societies, superannuation, life insurance, and payments sectors of the financial services industry.
FSDD is also responsible for analysis, policies and projects to facilitate financial system development and financial inclusion advocacy with the objective of increasing access to a wide range of financial services at affordable costs to unbanked and/or underserviced segments of population.