The Bank of Zambia is mandated to formulate and implement macroprudential policy to mitigate systemic risk and maintain financial stability. The Bank monitors the buildup of systemic risk wherein various indicators associated with components of the financial system are analysed individually and as a group. Risks, if allowed to materialise, could cause distress and significant loss of confidence in the overall financial system. To reinforce its ongoing systemic risk surveillance and assessment, the Bank leverages the Systemic Risk Survey (SRS) to gain insights into financial sector participants' perception of the buildup of vulnerabilities and risks to financial stability in the near term. Respondents comprise senior management executives responsible for risk or treasury management at commercial banks, micro-financial institutions, building societies, insurance companies, pension funds, asset managers and non-financial corporates. The SRS is conducted biannually in April and October.