Strategic Priorities

Organisational Transformation

This review process was advanced to strengthen the FSC’s organisational structure, operational processes, and capacity to meet its regulatory mandate. This strategic initiative has been reflected in:

1. A transition to a risk-based structure, that more appropriately and efficiently allows us to perform our regulatory and supervisory functions 
2. An upgrade to our technological tools and framework 
3. The building of institutional capacity – “putting the right people to do the  right jobs” 
4. An upgrading and updating of policies and procedures 
5. The development of an appropriate performance management framework 
6. The building of a culture of continuous training/learning, collaboration and innovation

Enhanced Supervision & Regulation

Enhanced regulation and supervision are crucial for the Commission to ensure the stability and integrity of the financial system, preventing fraud and mitigating systemic risks. Our protection of consumers and investors by enforcing compliance with legal and ethical standards fosters trust and confidence in financial markets. Additionally, robust oversight helps identify and promptly address emerging risks and supports sustainable economic growth and financial innovation. The Commission is therefore committed to:

1. Placing greater emphasis on proactive research and policy development 
2. Enhanced data capture and analysis, which assists in the development of more robust early warning indicators (EWIs) 
3. Performing consolidated and risk-based supervision and regulation 
4. Modernising guidance to stakeholders

Stakeholder Engagement

We recognise that fostering greater collaboration with our stakeholders can lead to improved regulatory compliance, reputation enhancement, a better understanding of regulatory priorities, standardised reporting, facilitation of innovation, and effective risk management. The Commission, therefore, remains focused on: 

1. Providing greater visibility to the public through the dissemination of analyses and data; and 
2. Developing a flexible and user-friendly website and social media platforms 
3. Facilitating more stakeholder and sectoral meetings

Legislative Reforms

The entire suite of legislation for the non-bank sector is being reviewed and will be updated to meet the various subsectors' contemporary requirements. These reforms will assist us in adapting to evolving market dynamics and technological advancements and ensuring that effective risk management principles are in place.