Regulatory Alerts2016-04-01
Framework for Oversight of Payment Systems in Zimbabwe (April 2016)
The Reserve Bank of Zimbabwe issued this framework to formalize its statutory oversight mandate over domestic payment, clearing, and settlement systems. It requires system operators and participants to maintain robust risk management, governance, and compliance protocols aligned with the National Payment Systems Act and international CPMI standards. The Bank will ensure financial stability, efficiency, and consumer protection by applying risk-based assessments, conducting on-site inspections, and issuing binding directives to induce necessary operational changes.
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