Bank Supervision division
To promote and maintain the safety and soundness of the financial system through proactive and rigorous regulation and supervision in line with international best practice.
The Role Of The Division
One of the core functions of the Reserve Bank of Zimbabwe is to promote financial stability. The Bank Supervision Division contributes to this overarching mandate through its responsibility in (a) the registration of new banking institutions, (b) the conduct of off-site surveillance, and (c) the conduct of risk based on-site examinations.
The Reserve Bank of Zimbabwe Act [Chapter 22:15] empowers the Reserve Bank to supervise banking institutions and foster stability and proper functioning of the financial system. The Banking Act [Chapter 24:20] and Banking Regulations (Statutory Instrument 205 of 2000) provide for the registration, regulation, continuous monitoring and supervision of persons conducting banking business in Zimbabwe .
The Reserve Bank is also empowered to register and supervise, money-lending institutions, microfinance institutions, building societies and the People's Own Savings Bank (POSB) following the invocation of Section 3(3) of the Banking Act [Chapter 24:20] in March 2005.
Objectives Of The Division
The objectives of the Division are to:
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