IDEAS home Printed from https://ideas.repec.org/a/wly/jintdv/v14y2002i2p229-248.html
   My bibliography  Save this article

Explaining bank regulatory failure in Zambia

Author

Listed:
  • Samuel Munzele Maimbo

    (Institute of Development Policy and Management, University of Manchester, UK)

Abstract

This paper discusses regulatory failure within the context of the 1995 and 1997-98 bank failures in Zambia. It starts by acknowledging the difficulties that exist in establishing credible techniques for measuring the quality of on-going bank regulation and supervision performance and criterion for distinguishing between regulatory failure and regulatory success. It then proceeds to detail the choice of instruments the Bank of Zambia employed in responding to increasing financial distress amongst local banks. Using 'excessive regulatory forbearance' as an indicator of 'regulatory failure', the paper examines why regulatory forbearance occurred; why the Bank of Zambia failed to enforce the required corrective action in a timely and consistent manner, even at the risk of encouraging and permitting fraudulent and wrongful trading. Through in-depth interviews and documentary analysis, the paper concludes that delays in regulatory decision-making were not always the result of direct political interference, but rather bureaucratically institutionalised regulatory forbearance. Copyright © 2002 John Wiley & Sons, Ltd.

Suggested Citation

  • Samuel Munzele Maimbo, 2002. "Explaining bank regulatory failure in Zambia," Journal of International Development, John Wiley & Sons, Ltd., vol. 14(2), pages 229-248.
    • Handle: RePEc:wly:jintdv:v:14:y:2002:i:2:p:229-248
    DOI: 10.1002/jid.876
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1002/jid.876
    File Function: Link to full text; subscription required
    Download Restriction: no
    File URL: https://libkey.io/10.1002/jid.876?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bakam Fotso & E. I Edoun, 2017. "Critical Assessment of Banking Institutions in South Africa," Journal of Economics and Behavioral Studies, AMH International, vol. 9(2), pages 6-21.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:jintdv:v:14:y:2002:i:2:p:229-248. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www3.interscience.wiley.com/journal/5102/home .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.