RBZ INCOUNTRY WORKSHOP ON Basel II IMPLEMENTATION

MEFMI today commenced an in-country workshop on Basel II implementation for the bank supervision department of the Reserve Bank of Zimbabwe (RBZ). The workshop will run until Friday 26 June, 2015.

The in-country workshop on Basel II is the third following the Bank’s request for technical assistance in 2003. RBZ has been implementing Basel II in phases beginning with some aspects of Pillar 1 and Pillar 2 in 2006 gradually moving to the more advanced approaches of Pillar 1 and Pillar 3. The advanced approaches of Pillar 1 are now being implemented in a pilot phase.

The objective of the workshop is to provide technical clarity on the revisions to the standardised approach by the Basel Committee in 2013 as well as build capacity in related aspects of Basel II to give the bank supervision members of staff confidence in their implementation approach. The workshop is being conducted by MEFMI consultants one of whom is a former Financial Stability Institute (FSI) expert on Basel II. 30 staff members of bank supervision are being trained.