Regulatory Alerts2021-01-01
Self-Assessment Report on the ZETSS/RTGS System's Observance of the Bank for International Settlements Principles for Financial Market Infrastructures (December 2021)
The Reserve Bank of Zimbabwe issued this self-assessment report evaluating the ZETSS/RTGS payment system against 24 Bank for International Settlements Principles for Financial Market Infrastructures. Fourteen principles apply to the system, with thirteen rated as observed and one broadly observed, confirming overall alignment with international best practices. The report prioritizes urgent remediation for cybersecurity gaps, legal framework reviews, annual disaster recovery testing, and technological alignment between the RTGS and Central Securities Depository to sustain operational resilience.
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