RISK BASED SUPERVISION
RISK BASED SUPERVISION URBRA, since commencement, utilised the Compliance Based Supervisory model, which emphasised strict compliance to the legal provisions. To complement the compliance-based sector supervision, URBRA has adopted a risk-based approach to sector supervision, with a view to identifying potential risks and managing them before they manifest. The risk-based supervision approach moves away from […]
URBRA develops regulations enabling members to use their savings for housing loans and mortgages
Members of retirement benefits schemes can look forward to apportioning up to 50% of their savings for a mortgage or a loan to purchase a residential house. This follows URBRA’s development of enabling regulations which now await the Minister’s signature so that they become law upon publication in the Gazette. For a long time, savers […]