Regulatory Alerts2026-06-15
Bank of Zambia Payment System Oversight Framework 2026
The Bank of Zambia issued the 2026 Payment System Oversight Framework to establish its legal mandate and risk-based approach for overseeing Financial Market Infrastructures in alignment with international CPMI-IOSCO standards. The document defines designation criteria for Systemically Important Payment Systems and other critical infrastructures, requiring compliance with principles that ensure safety, efficiency, and financial stability. It further outlines oversight activities, general principles of transparency and cooperation, and mechanisms for managing cross-border risks to maintain public confidence in the national payment ecosystem.
Share