Question: Read the statement below and answer thequestions It is important for us to nurture Pan African Banking given the undoubted and numerousbenefitsthishasforourcountryandtheAfricancontinentthesearethe wordsofaCEOofabigandinfluentialbankinyourcountryandheavilysupported by the

Read the statement below and answer thequestions

"It is important for us to nurture Pan African Banking given the undoubted and numerousbenefitsthishasforourcountryandtheAfricancontinent"thesearethe wordsofaCEOofabigandinfluentialbankinyourcountryandheavilysupported by the Ministers of Finance and Economic Development. However the Governor of theCentralBankopposesthisstandandstatesthatcrossborderbankingincreases systemic risk and is counterproductive to theeconomy.

The President has asked for your opinion on this. Discuss your response to the President in the following structure: provide a critical analysis (deeply rooted in theory and context) of:

ThebenefitsofcrossborderbankingasadvocatedforbytheCEOandMinisters of Finance and EconomicDevelopment
The Central Bank Governor's rebuttal

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