Regulatory Alerts2007-10-01
Reserve Bank of Zimbabwe Securitisation and Structured Finance Guideline
The Reserve Bank of Zimbabwe issued this guideline to establish a unified regulatory framework for banking and non-banking institutions operating special purpose vehicles, securitisation, and structured finance transactions. It mandates prior regulatory approval, rigorous board oversight, and capital adequacy calculations under the Standardized, Internal Ratings-Based, and Supervisory Formula approaches. The document further standardizes risk isolation, credit and liquidity enhancement mechanisms, asset transfer conditions, and disclosure obligations to curb regulatory arbitrage and ensure transparent capital market operations.
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