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Financial Stability

  • Financial Institutions
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      • Registered Bank and Deposit - Taking Non - Bank Financial Institutions
      • Branch networks of Commercial Banks
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    • Non-Bank Financial Institutions
      • Requirements for setting up a Non-Bank Financial Institution
      • Registered Non-Bank Financial Institutions
      • Branch Network of Non-Bank Financial Institutions
      • Quarterly Sectoral Financial Statements
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      • Demonstration of the Cost of Borrowing
  • Regulatory Framework
    • Role of the Financial System Supervision
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  • Financial Stability
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  • Association of African Central Banks Annual Meetings

Role of the Financial System Supervision

The Bank of Zambia regulates and supervises financial service providers through a combination of off-site surveillance and periodic on-site inspections. The supervisory process comprises the following key stages:

 

Licensing Stage - The supervision departments evaluates licence applications for banks and non-bank financial institutions and makes recommendations to the Registrar of Banks and Financial Institutions, through the appropriate supervisory structures.

 

Off-site Surveillance - The supervision departments conduct continuous off-site surveillance and analysis of the financial service providers' financial performance and condition. The information used in this process is prescribed for submission by the financial service providers at pre-determined frequency.

 

On-site Examinations - The supervision departments conducts on-site examinations of financial service providers in order to assess their financial performance and condition; review the adequacy of their corporate governance structures and their internal risk management processes; and their general compliance with the laws and regulations.

 

Formulation and Review of laws and Regulations - The supervision departments coordinate all matters relating to the drafting and/or review of the regulatory framework under which all the licensed financial service providers are supervised.

 

Manage liquidations - The supervision departments are responsible for managing financial institutions under liquidation in order to ensure that resolution of the failed financial institutions is conducted in an orderly manner.

 

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