Vic Falls to host Cisna meeting

Zimbabwe will host the Committee for Insurance, Securities and Non-Bank Financial Authorities (Cisna) conference in Victoria Falls next month.

The three-day conference runs from December 7 to 9. Cisna is a Southern African Development Community (SADC) body which comprises the non-banking financial institution authorities, namely, capital markets, collective investment schemes, insurance companies, retirement funds and providers of intermediary services in the region.

Cisna hosting chairman Tafadzwa Chinamo said preparations were at an advanced stage and the event offered the hosts an opportunity to market the country.

The last conference was held in Swaziland in August last year.

"The bi-annual conference seeks to achieve Cisna's vision through championing a process of collaboration, engagement and coordination between regional non-banking financial institutions and other important stakeholders," Chinamo said.

The body was established in 1998 and forms part of the Trade, Industry, Finance and Investment directorate of the SADC.

Its vision is to facilitate the development and implementation of a harmonised, risk-based regulatory framework for member states that would enable market growth and development.

It also aims to reduce the potential for systemic risk, informing and protect consumers and mobilise capital flows and contribute to prosperity in the SADC region.

The hosting committee consists of the Reserve Bank of Zimbabwe (RBZ), the Insurance and Pensions Commission (Ipec) and the Securities Commission of Zimbabwe (SECZ).