Core Principles for Effective Deposit Insurance System
Core Principle 4 – Relationships with other safety-net participants. Core Principle number four (4) of the International Association of Deposit Insurers (IADI) discusses the relationship between the deposit insurer and […]
Unpacking Core Principles for Effective Deposit Insurance System
Principle 2 – Mandate and Powers The Core Principles for Effective Deposit Insurance System requires that the mandate and powers of the deposit insurer be formally and clearly specified […]
Core Principles for Effective Deposit Insurance System in Detail.
The upcoming blog posts will explain each core principle in detail and how a deposit protection scheme is assessed to ascertain compliance with each Core Principle. Principle 1 – Public […]
Deposit protection compensation modalities.
The Deposit Protection Corporation (DPC) is mandated under the DPC Act (Chapter 24:29) to pay compensation to protected or insured depositors when a bank closes. To be eligible for deposit […]
Mukuru Financial Services joins Deposit Protection Corporation
Mukuru Financial Services (Mukuru), a financial services provider specializing in remittances and financial inclusion solutions, has officially become a member of the Deposit Protection Corporation (DPC). This milestone marks a […]
Deposit Protection as a Financial Safety-Net
Deposit protection aims to safeguard depositors against the loss of their savings when an individual deposit-taking institution fails. The deposit guarantee scheme bolsters trust in the financial system and prevents […]
Midlands Awareness Workshop
On December 13, 2024, the Deposit Protection Corporation (DPC) hosted a highly informative and engaging Midlands Awareness Workshop at The Village Lodges. The event brought together representatives from member banks, […]
Empowering Women: Highlights from the Women’s Financial Inclusion Seminar
On December 11, 2024, the Women’s Financial Inclusion Seminar was held at the Bata Club, co-hosted by the Zimbabwe National Chamber of Commerce (ZNCC) and the Women Alliance of Business […]
Cybersecurity and Deposit Insurance
SAFEGUARDING YOUR BANK ACCOUNTS IN THE DIGITAL AGE As technology continues to transform the banking landscape, it brings with it both convenience and risks. Cybersecurity has become a critical concern, […]
Depositor Compensation at the Liquidation Stage
Introduction to Depositor Compensation When a banking institution is closed, the Reserve Bank of Zimbabwe appoints the Deposit Protection Corporation (DPC) as the liquidator in accordance with the Banking Act […]