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Banks in Africa still have liquidity and risk gaps - Moody's

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Cape Town - Although banks in Africa have done a lot to improve regulation and supervision that have strengthened their financial stability, progress has not been uniform and serious gaps remain, said Moody’s Investor Services in a report on Tuesday. 

The report said African banking regulators have strengthened corporate governance rules, updated banking laws and implemented measures to mitigate risk. 

Significant progress has also been made in the areas of enforcement and cross-border coordination, Moody’s said. 

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