PRESENTATION ON FINANCIAL INSTITUTIONS

SUPERVISION DIVISIONROYAL MONETARY AUTHORITY

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Financial Literacy Education Program

OUTLINE

Overview of Bhutanese Financial Sector Background on RMA Role of FISD Recent Financial Sector Development

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OVERVIEW OF BHUTANESE FINANCIAL SECTOR

Evolved in 1960s Financial players Glimpse on Deposit & Credit Capital Market Vs. Bank Lending

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Financial Literacy Education ProgramFinancial Literacy Education Program

BACKGROUND & ROLE OF RMA Established in 1982 Functions of RMA Organization Structure

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Financial Literacy Education Program

ROLE OF FISD What do we do?

Regulate and Supervise

How do we do? Promulgate legislations - RMA Act 1982, FIA 1992, PR

2002 and other regulations Inspections

Why do we do? Protect Public and Stakeholders Maintain sound and stable financial sector Financial sector development

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Financial Literacy Education Program

RECENT DEVELOPMENTS

Regulation – draft FSA, Insurance Regulation, Securities Regulation, PR 2002 amendments, Regulations for new FSPs, etc.

Licensed new FSPs Establishment of CIB & BCH Projects in pipeline- EFTCS & ADB FSDP Customer Compliant

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Financial Literacy Education Program

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Financial Literacy Education Program

TASHI DELEK!

For more info visit:www.rma.org.bt

ORGANIZATION STRUCTURE

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Financial Literacy Education Program