Financial Stability Council
The apex body for coordinating financial stability and crisis management in Zambia.
About the Council
The Financial Stability Council was established to enhance coordination among financial sector regulators and promote financial stability in Zambia. The Council meets regularly to assess systemic risks and coordinate policy responses.
Through information sharing and joint policy development, the Council ensures a unified approach to maintaining the stability of Zambia's financial system and protecting the interests of depositors and other financial consumers.
Council Composition
1
Chairperson
Governor, Bank of Zambia
2
Member
Secretary to the Treasury
3
Member
CEO, Securities and Exchange Commission
4
Member
Commissioner, Pensions and Insurance Authority
5
Member
CEO, Deposit Protection Scheme
Functions
- Coordinate macro-prudential policy and financial stability measures
- Monitor systemic risks in the financial system
- Coordinate crisis prevention and management responses
- Share information among member institutions
- Advise Government on financial stability matters
- Issue warnings and recommendations on emerging risks