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Legislators want directors of failed banks barred from opening new ones

The Depositors Protection Act should be amended to provide for executives and directors of failed banks to be barred from opening new ones and running for public office, according to the country’s legislators. Debating a motion raised by Murehwa West Member of Parliament Farai Jere in the National Assembly on proposed amendments to the Depositors…

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Legislators want directors of failed banks barred from opening new ones

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Gutu , Masvingo , Zimbabwe , Nyanga , Manicaland , Mbizo , Zimbabwe-general- , Supa-mandiwanzira , Clemence-chiduwa , Benjamin-ganyiwa , Edwin-mushoriwa , Corban-madzivanyika

No more bailouts for banks: Zimbabwe pushes for depositor protection reform – Nehanda Radio

HARARE - A motion that was tabled in Parliament which seeks to amend the Deposit Protection Act (DPA) in order to strengthen protections for ordinary savers in the event of bank closures or liquidations has received tremendous support from legislators.

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Depositors demand compensation after bank failures, MPs call for reform – Nehanda Radio

Depositors demand compensation after bank failures, MPs call for reform – Nehanda Radio
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