Zimbabwe: Technical Assistance Report-Undertaking Supervisory Examinations Remotely Due to COVID-19 Operational Restrictions
IMF Staff Country Reports, February 28, 2022
Source details
- Canonical URL
- Zimbabwe: Technical Assistance Report-Undertaking Supervisory Examinations Remotely Due to COVID-19 Operational Restrictions
Other formats
Bibliographic details
- Published: February 28, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400203237.002
Summary
- The Reserve Bank of Zimbabwe (RBZ) is recommencing on-site examinations but, due to COVID-19 operational restrictions, these will need to be undertaken remotely.
- The RBZ developed a draft remote examination framework document and requested AFS assistance to review the framework and to provide information on how other supervisors are undertaking examinations remotely.
- A mission provided training on international practice of remote examinations and reviewed the draft remote examination framework document and the RBZ consolidated examination manual to assess feasibility and provide points for consideration.
Training and peer presentations
- Training was presented by supervisors from:
- Bank of Ghana (BOG)
- Bank of Thailand (BOT)
- De Nederlandsche Bank (DNB)
- Training coverage:
- Adjustments to examination framework
- Operational issues for remote examinations
- Key points of consideration when undertaking examinations remotely
Review of the RBZ draft remote examination framework
- Activities performed:
- Review of the RBZ draft remote examination framework document
- Provision of feedback to align the framework with international practice and operational constraints imposed by COVID-19
- Purpose:
- Guide RBZ in undertaking supervisory examinations remotely while recommencing on-site activities as conditions permit
Review of the RBZ consolidated examination manual
- Activities performed:
- Review of the consolidated examination manual to assess the feasibility of undertaking supervisory examinations remotely as described in the manual
- Identification of points for consideration to enable remote execution of the manual’s procedures
Key points for consideration (as emphasized by the mission and training)
- Adjust examination procedures and timelines to account for remote access limitations and operational constraints
- Address operational issues such as secure data exchange, remote interviewing, and evidence validation
- Incorporate lessons and practices from peer supervisors (BOG, BOT, DNB) into the RBZ framework and manual to enhance feasibility and effectiveness of remote examinations
Content in this bundle
- 1zweea2022001 - Preface