The Bank Supervision Department has a statutory mandate to supervise and regulate the activities of  commercial banks so as to promote the safe, sound and efficient operations and development of the financial sector.

Commercial banks are licensed and regulated in accordance with the provisions of the Banking and Financial Services Act of 1994 (BFSA) and the Regulations and Prudential Guidelines issued thereunder. As key players in the financial sector, banks  are subject to regulatory requirements governing their prudential position, consumer protection and market conduct in order to safeguard the overall soundness and stability of the financial system.