{
  "title": "Zimbabwe: Technical Assistance Report-Financial Sector Stability Report Follow Up Technical Assistance on the Implementation of the Basel III Liquidity Framework",
  "publication": "Technical Assistance Reports, September 20, 2024",
  "sourceUrl": "https://www.imf.org/en/publications/technical-assistance-reports/issues/2024/09/20/zimbabwe-technical-assistance-report-financial-sector-stability-report-follow-up-technical-555087",
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  "summary": "As a follow-up to the 2019 FSSR, a hybrid remote TA mission supported the RBZ on finalizing the implementation of Basel III liquidity framework, with a particular focus on the NSFR.",
  "sections": [
    {
      "heading": "Mission scope and activities",
      "content": "- Follow-up to the 2019 FSSR through a hybrid remote TA mission supporting the Reserve Bank of Zimbabwe (RBZ) on finalizing the implementation of the Basel III liquidity framework, with a particular focus on the Net Stable Funding Ratio (NSFR).\n- Reviewed drafts of the NSFR regulation and the template for prudential reporting.\n- Supported the RBZ to elaborate a questionnaire for a Quantitative Impact Study (QIS).\n- Discussed identified gaps with the BSD management and relevant supervisors.\n- Delivered training on Liquidity Coverage Ratio (LCR) and NSFR.\n- Provided recommendations on enhancing the drafts of regulation and reporting templates.\n- Discussed outputs of LCR first assessments, highlighting the importance of checking the quality of LCR data reported by banks."
    },
    {
      "heading": "Key findings",
      "content": "- The mission identified gaps in the draft NSFR regulation and prudential reporting templates that required clarification and enhancement.\n- Initial LCR assessments were completed and their outputs were discussed with RBZ, with emphasis on the need to verify the quality of reported LCR data from banks.\n- Capacity-building needs were evident, addressed through targeted training on LCR and NSFR."
    },
    {
      "heading": "Policy recommendations and TA deliverables",
      "content": "- Enhance clarity and completeness of the NSFR regulation drafts to align with the Basel III liquidity framework.\n- Improve the prudential reporting template to capture necessary data for monitoring NSFR and LCR compliance.\n- Implement the QIS questionnaire developed with RBZ to assess quantitative impacts of NSFR requirements on banks.\n- Strengthen supervisory review processes to identify and close gaps discussed with BSD management and relevant supervisors.\n- Establish procedures to routinely check and validate the quality of LCR data reported by banks."
    },
    {
      "heading": "Training and follow-up",
      "content": "- Delivered training sessions covering both LCR and NSFR concepts, measurement, and supervisory assessment.\n- Recommended continued technical assistance and training to support RBZ in implementing and supervising the Basel III liquidity framework, including the conduct and analysis of QIS results."
    },
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      "content": "- Pages: 23\n- Volume: 2024\n- DOI: https://doi.org/10.5089/9798400290251.019\n- Issue: 081\n- Series: Technical Assistance Report No. 2024/081\n- Stock No: TAREA2024081\n- ISBN: 9798400290251\n- ISSN: 3005-4575\n\nZimbabwe: Technical Assistance Report-Financial Sector Stability Report Follow Up Technical Assistance on the Implementation of the Basel III Liquidity Framework, September 20, 2024.\n\n---\n\n Content in this bundle\n\n- Tarea2024081 Print Pdf\n  - Tarea2024081 Print Pdf (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Tarea2024081 Print Pdf (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/technical-assistance-reports/issues/2024/09/20/zimbabwe-technical-assistance-report-financial-sector-stability-report-follow-up-technical-555087"
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    "Published: September 20, 2024",
    "Series: Technical Assistance Reports",
    "DOI: https://doi.org/10.5089/9798400290251.019",
    "Follow-up to the 2019 FSSR through a hybrid remote TA mission supporting the Reserve Bank of Zimbabwe (RBZ) on finalizing the implementation of the Basel III liquidity framework, with a particular focus on the Net Stable Funding Ratio (NSFR).",
    "Reviewed drafts of the NSFR regulation and the template for prudential reporting.",
    "Supported the RBZ to elaborate a questionnaire for a Quantitative Impact Study (QIS).",
    "Discussed identified gaps with the BSD management and relevant supervisors.",
    "Delivered training on Liquidity Coverage Ratio (LCR) and NSFR.",
    "Provided recommendations on enhancing the drafts of regulation and reporting templates.",
    "Discussed outputs of LCR first assessments, highlighting the importance of checking the quality of LCR data reported by banks.",
    "The mission identified gaps in the draft NSFR regulation and prudential reporting templates that required clarification and enhancement.",
    "Initial LCR assessments were completed and their outputs were discussed with RBZ, with emphasis on the need to verify the quality of reported LCR data from banks.",
    "Capacity-building needs were evident, addressed through targeted training on LCR and NSFR.",
    "Enhance clarity and completeness of the NSFR regulation drafts to align with the Basel III liquidity framework.",
    "Improve the prudential reporting template to capture necessary data for monitoring NSFR and LCR compliance.",
    "Implement the QIS questionnaire developed with RBZ to assess quantitative impacts of NSFR requirements on banks.",
    "Strengthen supervisory review processes to identify and close gaps discussed with BSD management and relevant supervisors.",
    "Establish procedures to routinely check and validate the quality of LCR data reported by banks.",
    "Delivered training sessions covering both LCR and NSFR concepts, measurement, and supervisory assessment.",
    "Recommended continued technical assistance and training to support RBZ in implementing and supervising the Basel III liquidity framework, including the conduct and analysis of QIS results.",
    "Pages: 23",
    "Volume: 2024",
    "DOI: https://doi.org/10.5089/9798400290251.019",
    "Issue: 081",
    "Series: Technical Assistance Report No. 2024/081",
    "Stock No: TAREA2024081",
    "ISBN: 9798400290251",
    "ISSN: 3005-4575",
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