THE Bankers Association of Zimbabwe (Baz) has welcomed the Reserve Bank of Zimbabwe (RBZ)’s ongoing implementation of a new liquidity standard — Basel III — saying this will improve risk management in the sector.
The central bank is implementing the standard, including the Liquidity Coverage Ratio (LCR), as part of efforts to promote the resilience of banks.
Basel accords are a series of banking regulation agreements set by the Basel Committee on Bank Supervision (BCBS), which provide recommendations on banking and financial regulations, specifically, concerning capital risk, market risk, and operational risk.
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Reserve Bank of Zimbabwe governor, John Mangudya
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