Zimbabwe: FSSR Follow Up Technical Assistance—Implementation of the Basel II/III Capital Framework

By Paula Cristina Seixas de Oliveira, João Luis Resende

October 17, 2023

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Paula Cristina Seixas de Oliveira, and João Luis Resende. Zimbabwe: FSSR Follow Up Technical Assistance—Implementation of the Basel II/III Capital Framework, (USA: International Monetary Fund, 2023) accessed December 21, 2024

Summary

The Financial Sector Stability Review (FSSR), which was conducted in November 2018, identified areas requiring improvement and technical assistance in Zimbabwe’s regulatory and supervisory frameworks, including the need to strengthen the capital framework for the banking sector. With the support of the IMF, the Reserve Bank of Zimbabwe (RBZ) is planning to implement Basel III capital standards, considering Zimbabwe’s specific circumstances and applying proportionality. The mission reviewed Zimbabwe’s capital framework, which includes laws and regulations, identified areas for updating capital requirements, and discussed them with the RBZ management. The mission also made recommendations for drafting amendments that align primarily with the Basel III capital framework, particularly focusing on standardized approaches.

Subject: International organization, Monetary policy

Keywords: Banking regulation, Basel Framework, Capital requirements, Central banks, Zimbabwe

Publication Details

Pages:

3
Volume:

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DOI:

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Issue:

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Series:

High Level Summary Technical Assistance Report No. 2023/014
Stock No:

HLSEA2023014
ISBN:

9798400256028
ISSN:

2959-4103

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