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The bank was established under the Bank of Tanzania Act 1965. However, in 1995, the government decided that the central bank had too many responsibilities, thus hindering its other objectives. As a result, the government introduced the Bank of Tanzania Act 1995, which gave the bank the single objective of monetary policy.
European Central Bank through European Banking Supervision ; Bank of Portugal ; Portuguese Securities Market Commission (CMVM) and Autoridade de Supervisão de Seguros e Fundos de Pensões (ASF) Qatar: Qatar Central Bank ; Qatar Financial Markets Authority (QFMA) Romania: National Bank of Romania ; Financial Supervisory Authority (ASF) Russia
Landmark developments include the inception of U.S. federal banking supervision with the establishment of the Office of the Comptroller of the Currency in 1862; the creation of the U.S. Federal Deposit Insurance Corporation as the first major deposit guarantee and bank resolution authority in 1934; the creation of the Belgian Banking Commission ...
The Basel Committee on Banking Supervision (BCBS) [1] is a committee of banking supervisory authorities that was established by the central bank governors of the Group of Ten (G10) countries in 1974. [2] The committee expanded its membership in 2009 and then again in 2014.
Basel II attempted to accomplish this by establishing risk and capital management requirements to ensure that a bank has adequate capital for the risk the bank exposes itself to through its lending, investment and trading activities. One focus was to maintain sufficient consistency of regulations so to limit competitive inequality amongst ...
Supervision of financial institutions: (Preliminary) review of license applications (for bank, non-bank, financial investment company, insurance company, credit card company, financial holding company, or any other kind of financial institution), review of the terms and conditions of financial institutions; supervision of the soundness of ...
The bank's headquarters are located on the 16th Floor, Mwanga Tower, New Bagamoyo Road in Kijitonyama in the city of Dar es Salaam, Tanzania. The geographical coordinates of this location are:6°46'34.0"S, 39°14'39.0"E (Latitude:-6.776111; Longitude:39.244167).
The National Social Security Fund (NSSF) is the government agency of Tanzania responsible for the collection, safekeeping, responsible investment, and distribution of retirement funds of all employees in all sectors of the Tanzania economy that do not fall under the governmental pension schemes.