High-Level Summary Technical Assistance Reports

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

Author/Editor:

Paula Cristina Seixas de Oliveira ; João Luis Resende

Publication Date:

October 17, 2023

Electronic Access:

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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.

Series:

High Level Summary Technical Assistance Report No. 2023/014

Subject:

International organization Monetary policy

Frequency:

Regular