The member states are at various stages of setting up the Financial Stability Committees; Implementation of Forward looking Financial Stability Reports was still work in progress for most Member countries; and Member states are at different levels of compliance to the revised Basel Core Principles on Effective Banking Supervision. Table 2: Status of Implementation of the COMESA Financial Stability Assessment Framework by 8 Member States Status of Implementation Completion No. Task Activity Work In Date Implemented Progress Burundi, Egypt, Kenya, Sudan, Madagascar, Financial Establish a Financial Malawi, 1 June 2015 Stability Unit Stability Unit Swaziland Uganda, Zimbabwe, DRC, Zambia Burundi, Egypt, Kenya, Malawi, Swaziland Financial Establish a multi-disciplinary Uganda, 2 Stability Financial Stability June 2015 DRC Madagascar, Committee Sudan, Zimbabwe, Zambia Develop action Prepare Forward looking Burundi, Egypt, plan for Financial Stability Reports Kenya, Malawi, implementation Swaziland, of COMESA Uganda, 30 June 2015 Framework for Madagascar, Financial Sudan, Stability Zimbabwe, Assessment DRC, Zambia 3 Implementation of Kenya, Egypt prudential policies Malawi, Swaziland, Uganda, 30 June 2015 Madagascar, Sudan, Zimbabwe, DRC, Zambia Report on Extent of Compliance to the Egypt, Kenya, Compliance to revised Basel Core Malawi, the revised Principles on Effective Swaziland, Basel Core Banking Supervision Uganda, 4 30 June 2015 Principles on Madagascar, Effective Sudan, Banking Zimbabwe, Supervision DRC, Zambia
The member states are at various stages of setting up the Financial Stability Committees; Implementation of Forward looking Financial Stability Reports was still work in progress for most Member countries; and Member states are at different levels of compliance to the revised Basel Core Principles on Effective Banking Supervision. Table 2: Status of Implementation of the COMESA Financial Stability Assessment Framework by 8 Member States No. Task Activity Completion Date Status of Implementation Implemented Work In Progress 1 Financial Stability Unit Establish a Financial Stability Unit June 2015 Burundi, Egypt, Kenya, Sudan, Madagascar, Malawi, Swaziland Uganda, Zimbabwe, DRC, Zambia 2 Financial Stability Committee Establish a multi-disciplinary Financial Stability June 2015 Burundi, Egypt, Kenya, Malawi, Swaziland Uganda, Madagascar, Sudan, Zimbabwe, Zambia DRC 3 Develop action plan for implementation of COMESA Framework for Financial Stability Assessment Prepare Forward looking Financial Stability Reports 30 June 2015 Burundi, Egypt, Kenya, Malawi, Swaziland, Uganda, Madagascar, Sudan, Zimbabwe, DRC, Zambia Implementation of policies 30 June 2015 Kenya, Egypt Malawi, Swaziland, Uganda, Madagascar, Sudan, Zimbabwe, DRC, Zambia 4 Report on Compliance to the revised Basel Core Principles on Effective Banking Supervision Extent of Compliance to the revised Basel Core Principles on Effective Banking Supervision 30 June 2015 Egypt, Kenya, Malawi, Swaziland, Uganda, Madagascar, Sudan, Zimbabwe, DRC, Zambia prudential