The Securities & Exchange Commission of Zimbabwe has posted the Framework for Contingency Planning and Systemic Crisis Management, a cross-sector framework for identifying systemic distress and coordinating intervention and resolution across Zimbabwe’s financial system. The framework covers financial institutions and financial market infrastructure under the supervision of the Reserve Bank of Zimbabwe, the Insurance and Pensions Commission and the Securities & Exchange Commission of Zimbabwe, and is intended to support early action, continuity of critical services and orderly resolution of non-viable institutions. The framework sets out both governance arrangements and institution-level requirements. Resolution powers remain with the relevant regulators under existing sectoral laws, while oversight sits with the Multi-Disciplinary Financial Stability Committee and a new Systemic Crisis Management Committee made up of the heads of the Reserve Bank of Zimbabwe, Deposit Protection Corporation, Insurance and Pensions Commission, Securities & Exchange Commission of Zimbabwe and Treasury. A Crisis Management Unit will handle operational coordination. Specified institutions must maintain board-approved recovery plans, and regulators must develop resolution plans and resolvability assessments for domestic systemically important financial institutions and other large firms whose failure could affect financial stability. The framework treats a systemic crisis as having occurred when at least two specified indicators are met, including critically distressed institutions controlling at least 5% of financial sector assets, 15% of banking deposits or sector liabilities being threatened, or 25% of banking sector loans becoming non-performing. It also outlines resolution tools including mergers, transfers of assets and liabilities, bridge institutions, bail-in and liquidation, alongside conditions for emergency liquidity support and public funding as a last resort. The framework states that it took effect on 1 November 2025 and will be reviewed every two years. It also requires crisis simulation exercises every two years to test the robustness of the crisis management and resolution arrangements.
Securities & Exchange Commission of Zimbabwe2026-05-08
Securities & Exchange Commission of Zimbabwe posts systemic crisis management framework for financial institutions and market infrastructure
The Securities & Exchange Commission of Zimbabwe has posted a financial sector framework for contingency planning and systemic crisis management. It creates a cross-agency structure for crisis oversight and resolution, requires recovery and resolution planning for specified and systemically important firms, and sets quantitative triggers and tools for managing failing institutions. The framework took effect on 1 November 2025 and will be reviewed every two years.