Financial Crisis Management
Mechanisms for preventing and responding to financial crises in Zambia.
Early Warning
Systems for detecting emerging financial system risks
Prevention
Policies and measures to prevent crises from occurring
Resolution
Tools and frameworks for resolving failing institutions
Coordination
Inter-agency cooperation for crisis response
Financial Stability Council
The Financial Stability Council is the apex body responsible for coordinating financial crisis management and response in Zambia.
Council Members
- Governor, Bank of Zambia (Chairperson)
- Secretary to the Treasury
- CEO, Securities and Exchange Commission
- Commissioner, Pensions and Insurance Authority
- CEO, Deposit Protection Scheme
Crisis Response Framework
The Bank of Zambia has established a comprehensive crisis response framework that enables swift and coordinated action in the event of financial system stress. This framework includes:
- Emergency liquidity assistance facilities
- Resolution tools including bail-in and bridge institution mechanisms
- Deposit protection through the Deposit Protection Scheme
- Communication protocols for managing market confidence
- Cross-border cooperation arrangements with regional regulators