Regulatory Alerts1999-01-01
Bank of Zambia Circular on Risk-Based Approach to Inspection
The Bank of Zambia has implemented a risk-based inspection framework to enhance supervisory effectiveness and address evolving banking market dynamics. Commercial banks must provide comprehensive data on their organizational structure, business strategies, internal controls, and recent material events to facilitate the creation of an Institutional Overview for each institution. On-site supervisors will gather this information as of 31 December 1998 during January, with future updates required on an as-needed basis before inspections commence, while all existing off-site reporting obligations remain unchanged.
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