Banking Act of Zimbabwe
E579940
The Banking Act of Zimbabwe is the primary legislation governing the regulation, licensing, and supervision of banking institutions in Zimbabwe.
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
Act of Parliament
ⓘ
banking law ⓘ financial regulation statute ⓘ |
| aimsTo |
maintain stability of the financial system in Zimbabwe
ⓘ
promote safety and soundness of the banking system ⓘ protect depositors ⓘ |
| appliesTo | banking institutions in Zimbabwe ⓘ |
| appliesToSector | banking sector ⓘ |
| country | Zimbabwe ⓘ |
| defines |
banking business
ⓘ
banking institution ⓘ building society ⓘ commercial bank ⓘ merchant bank ⓘ savings bank ⓘ |
| enforcedBy | Reserve Bank of Zimbabwe NERFINISHED ⓘ |
| jurisdiction | Zimbabwe NERFINISHED ⓘ |
| legalArea |
bank corporate governance
ⓘ
financial services regulation ⓘ prudential supervision ⓘ |
| primaryPurpose |
licensing of banking institutions
ⓘ
regulation of banking institutions ⓘ supervision of banking institutions ⓘ |
| regulatorEmpowered | Reserve Bank of Zimbabwe NERFINISHED ⓘ |
| requires | licence to conduct banking business ⓘ |
| subjectMatter |
approval of significant shareholdings in banks
ⓘ
bank resolution and liquidation procedures ⓘ capital adequacy requirements ⓘ corporate governance of banks ⓘ corrective and enforcement measures ⓘ curatorship of troubled banks ⓘ fit and proper criteria for bank directors ⓘ fit and proper criteria for bank senior management ⓘ large exposure limits ⓘ licensing requirements for banks ⓘ liquidity requirements ⓘ mergers and acquisitions of banks ⓘ minimum capital requirements for banks ⓘ off‑site supervision of banks ⓘ on‑site inspection of banks ⓘ penalties for non‑compliance ⓘ provisions on bank confidentiality ⓘ provisions on customer information ⓘ provisions on insider lending ⓘ provisions on ownership and control of banks ⓘ prudential standards for banks ⓘ reporting and disclosure obligations ⓘ supervisory powers of the central bank ⓘ winding‑up of insolvent banks ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.