CUTS demands sound regulatory framework

The Consumer Unity and Trust Society (CUTS) International says Zambia requires a sound regulatory framework for the financial sector.

The consumer rights advocacy body says only a sound regulatory framework will make the financial sector become more competitive.

CUTS Zambia Acting Centre Coordinator, Simon Ng’ona says the relevant bodies must to this effect diagnose the sector bottlenecks and further institute remedial measures.

Mr Ng’ona was speaking in an interview in the backdrop of bank of Zambia’s concerns over the low levels of competition in the financial sector.

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