HARARE, Apr. 10 (NewsDay Live) – The Securities Exchange Commission of Zimbabwe (SecZim) and the Deposit Protection Corporation (DPC) have signed a memorandum of understanding (MoU) to deepen regulatory cooperation and bolster financial sector stability.
The agreement comes amid growing global emphasis on coordinated oversight as financial markets become increasingly complex. In Zimbabwe, SecZim, DPC, the Reserve Bank of Zimbabwe and the Insurance and Pensions Commission (Ipec) constitute the financial safety net, mandated to protect depositors, investors and policyholders while safeguarding systemic stability. Stronger coordination among these institutions is critical for risk mitigation, crisis preparedness and rapid response to financial shocks.
Speaking on the sidelines of the signing ceremony, SecZim acting chief executive officer Grace Berejena described the MoU as both timely and strategic, formalising collaboration between two key regulators.
“This MoU establishes a structured framework for cooperation, enabling us to better coordinate efforts in promoting market integrity, financial stability and sector resilience,” Berejena said.
She noted that while the two institutions had previously collaborated informally, the agreement now provides clear mechanisms for joint work in financial education, regulatory awareness and market development.
“We have worked together before, but this MoU ensures a more structured and sustained approach. It will strengthen the resilience of financial products and institutions, while improving public confidence in the financial system,” she said.
Berejena added that SecZim remains committed to partnerships, having signed several MoUs with stakeholders to foster a more sustainable and inclusive financial environment.
DPC chief executive officer Hopewell Zinyau said the partnership would enhance crisis response capacity through improved information sharing and joint preparedness.
- UK based Zimbabwean divorces wife of 33 years over conjugal rights
- Dembo’s music lives on
- New perspectives: Money laundering red flags in insurance sector
- Ex-DPC boss charged for ‘looting’ spree
Keep Reading
“This is a significant partnership aimed at strengthening collaboration in areas such as information sharing, capacity building, crisis preparedness and crisis management,” Zinyau said.
He added that the agreement aligns with international best practice, which encourages formalised cooperation among financial safety-net institutions.
“Globally, institutions such as DPC, SecZim, Ipec and the Reserve Bank are expected to work closely through formal arrangements. This strengthens information flows and enhances the sector’s ability to respond effectively to potential crises,” he said.
