ZANACO SUPPORTS CISNA

(First Published 15th February 2009)

The Securities and Exchange Commission (SEC) and the Pensions and Insurance Authority recently jointly hosted the bi-annual conference and the 10th anniversary celebrations for the Committee on Insurance, Securities and Non-banking authorities in Livingstone. The event was held in conjunction with the Committee on Insurance, Securities and Non-banking Authorities (CISNA). CISNA is an organization which comprises regulators of capital markets, retirement funds, collective investment schemes and insurance companies in the SADC member states and is tasked together with other co-related institutions to promote the objectives of SADC in the Financial Sector. CISNA also sets standards for the conduct of non-banking financial business in the region in line with international best practice.

The committee amongst its many other objectives also promotes the development and harmonization of the regulatory frameworks in member countries as they seek to move towards a regional common market and greater economic integration. To this end CISNA holds bi-annual meetings in different states on a rotational basis and Zambia was the host this time around.

As a major player in the financial sector in Zambia, Zanaco was called upon to help the committee host this important event successfully by way of sponsoring one of themajor activities during the event. Attended by participants from the region, including some Zanaco members of staff from Institutional Banking, the event was a success. Zanaco was accorded the privilege to address the audience on the Bank’s products and services as well as space to display and distribute promotional materials during the conference. The organizing committee of the event sincerely thanked Zanaco for the tremendous contribution rendered.