Regulatory Alerts2010-02-04
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Bank of Zambia Directive on Management Fees
The Bank of Zambia issued Directive 02/2010 to address concerns regarding excessive management fees paid by commercial banks to related group entities. The regulator directed all commercial banks to immediately discontinue the payment, recognition, and incurring of liabilities for such management fees. This prohibition aims to protect the financial well-being of banks and support organic capital growth by eliminating costs associated with dual reporting structures.
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