system. risks do not stop at national borders, and neither should our [UNK] to address them. the work of the financial stability board in promoting global standards and facilitating dialogue among regulators is invaluable in this regard. in the case of ccyb it is a crucial task to ensure a better understanding about the appropriate balance between the macroprudential and the resilience approach. we have a unique opportunity today to share the experiences and perspectives of [UNK] fsb members with macro - prudential policies and how their institutional arrangements facilitated their implementation and coordination with other regulatory measures. but before we delve into that, we will ﬁrst hear from our keynote speaker, rodrigo coelho, on the role that institutional coordination arrangements can have in enhancing the application of both macro - prudential and micro - prudential policies to foster ﬁnancial stability, particularly on the implementation of the ccyb and pillar 2 requirements. i encourage all of you today to engage deeply in the discussions that lie ahead. this meeting is an opportunity to learn from each other ’ s experiences motivated by our common goal of strengthening the resilience of the ﬁnancial system. thank you, once again, for your participation. i wish you all a very fruitful rest of the day.

banking, insurance and asset management services in botsw ana, namibia and zambia. in botsw ana, the bank ’ s financial position has grow n steadily since commencement of operations, in 2006. total assets increased from p268 million in june 2007 to p4. 6 billion in june 2017 ; lending increased from p197 million to p3. 2 billion in june 2017 ; w hile deposits grew from p188 million to p3. 9 billion in june 2017. the bank has, therefore, in a relatively short period, mobilised approximately p4 billion w orth of financial resources. these resources have been productively employed and distributed, in the form of loans and other credit facilities, to support real economic activity in diverse sectors across botsw ana, including consumption spending. as a regional bank and being relatively new, it is expected that the bank and its design of products w ill continue to be w ell aligned to contemporary domestic market requirements. notably, for the area around maun, this branch of bank gaborone is invariably expected to support the various facets and business value chains in the tourism and agricultural sectors associated w ith this region. in this w ay, bank gaborone w ould be contribut ing to sustainable economic activity and inclusive grow th in this part of botsw ana. it is w orth pointing out that the tourism industry, of w hich maun is a significant player, accounted for 3. 9 percent of the country ’ s gross domestic product ( gdp ) in 2016, through industries such as hotels, restaurants, travel agents, airlines and other passenger t ransportation services. the same industries contributed 2. 6 percent to total employment in 2016. it is therefore expected that the provision of additional or enhanced financial services, in the form of transactional accounts, savings products, credit ext ension, payments and other banking services offered by bank gaborone, as w ell as other players of course, should help sustain the contribution of the tourism sector to gdp. in turn, this should foster economic diversification and broad - based private sector development, both of w hich are critical for endurable economic grow th and raising living standards of our people. to the maun residents and north west community, in general, w e should recognise that the maun branch of bank gaborone is a business that needs a good and durable customer base in order for it to be profitable and sustainable.