Financial Sector Charter on Black Economic Empowerment

Financial Sector Charter on Black Economic Empowerment PDF Author: South Africa. Department of Trade and Industry
Publisher:
ISBN:
Category : Affirmative action programs
Languages : en
Pages : 31

Get Book Here

Book Description

Financial Sector Charter on Black Economic Empowerment

Financial Sector Charter on Black Economic Empowerment PDF Author: South Africa. Department of Trade and Industry
Publisher:
ISBN:
Category : Affirmative action programs
Languages : en
Pages : 31

Get Book Here

Book Description


South Africa's Financial Sector Charter

South Africa's Financial Sector Charter PDF Author: Jean W. Rosenthal
Publisher:
ISBN: 9781473974036
Category : Blacks
Languages : en
Pages :

Get Book Here

Book Description
In 1994, South Africa held its first free elections, marking the peaceful transition from a government controlled by the country's white minority to a multi-party, multi-racial government. The new government, led by Nelson Mandela and the African National Congress (ANC) party, sought to unify South Africa and overcome the country's racist past. Rather than pursue criminal recriminations and retribution for past wrongs, the ANC concentrated on reconciliation, unification and nation building. According to most observers, the ANC's political program led to a strong, forward-looking state, capable of undertaking the significant challenges facing South Africa. This case study examines this topic.

South Africa

South Africa PDF Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1498368190
Category : Business & Economics
Languages : en
Pages : 42

Get Book Here

Book Description
This Technical Note discusses recommendations made during the Financial Sector Assessment Program (FSAP) for South Africa in the areas of contingency planning, crisis management, and bank resolution. The proposed scope of the new resolution regime and of the South African Reserve Bank’s (SARB) jurisdiction as the resolution authority remains unclear. It is suggested that authorities should consider focusing on all deposit-taking institutions and only those other financial institutions that are currently deemed systemic. Non-deposit-taking financial institutions that are not found to be systemic should be resolved by the Prudential Authority or the Market Conduct Authority, whichever is the lead regulator.

Progress on the Financial Sector Charter Scorecard in the South African Banking Sector

Progress on the Financial Sector Charter Scorecard in the South African Banking Sector PDF Author: Aubrey Matlabe
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 200

Get Book Here

Book Description


The Financial Sector Charter

The Financial Sector Charter PDF Author: National Treasury (South Africa)
Publisher:
ISBN:
Category : Business enterprises, Black
Languages : en
Pages : 65

Get Book Here

Book Description


South Africa

South Africa PDF Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1498395511
Category : Business & Economics
Languages : en
Pages : 137

Get Book Here

Book Description
This paper discusses key findings of the Detailed Assessment of Observance on the Insurance Core Principles on South Africa. Insurance regulatory and supervisory regime in South Africa is in transition. Currently, the Financial Services Board (FSB-SA) regulates the nonbanking financial services industry, including the insurance sector, in South Africa. With the goal of achieving a safer financial sector to serve South Africa better, the government has proposed major changes in the financial sector. The four policy objectives are: financial stability, consumer protection and market conduct, financial inclusion, and combating financial crime. Market realities in the insurance sector pose significant regulatory challenges, which are well recognized by the authorities.

South Africa: Financial Sector Assessment Program-Technical Note on Banking Regulation and Supervision

South Africa: Financial Sector Assessment Program-Technical Note on Banking Regulation and Supervision PDF Author: International Monetary
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 49

Get Book Here

Book Description
The implementation of a twin peaks model represents a significant change to the South African financial supervisory architecture. The Prudential Authority (PA), operating within the administration of the South African Reserve Bank (SARB), is responsible for promoting and enhancing the safety and soundness of financial institutions that provide financial products and securities services. A separate authority, the Financial Sector Conduct Authority2 (FSCA), is responsible for market conduct regulation and supervision. The introduction of the twin peaks architecture was motivated by a need to increase the robustness of the financial sector regulatory and supervisory system, reinforce financial stability, improve protection of customers, and enhance cooperation among the regulators.

South Africa

South Africa PDF Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1498364454
Category : Business & Economics
Languages : en
Pages : 137

Get Book Here

Book Description
This paper discusses key findings of the Detailed Assessment of Observance on the Insurance Core Principles on South Africa. Insurance regulatory and supervisory regime in South Africa is in transition. Currently, the Financial Services Board (FSB-SA) regulates the nonbanking financial services industry, including the insurance sector, in South Africa. With the goal of achieving a safer financial sector to serve South Africa better, the government has proposed major changes in the financial sector. The four policy objectives are: financial stability, consumer protection and market conduct, financial inclusion, and combating financial crime. Market realities in the insurance sector pose significant regulatory challenges, which are well recognized by the authorities.

South Africa: Financial Sector Assessment Program-Financial System Stability Assessment

South Africa: Financial Sector Assessment Program-Financial System Stability Assessment PDF Author: International Monetary
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 64

Get Book Here

Book Description
The economy recovered strongly in 2021, following an unprecedented real output contraction in 2020. However, the outlook remains precarious amidst projected future low growth, high unemployment and adverse debt dynamics, and the recovery pace is unlikely to be sustained. Ample buffers allowed the financial system to handle the COVID-19 shock relatively well, but domestic and external downside risks remain substantial—with potential implications for asset quality, profitability, and solvency.

South Africa

South Africa PDF Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 148437200X
Category : Business & Economics
Languages : en
Pages : 104

Get Book Here

Book Description
This paper discusses findings of the Financial System Stability Assessment for South Africa. South Africa’s financial sector operates in a challenging economic environment. Despite remarkable progress since the end of apartheid in 1994, South Africa still has one of the world’s highest unemployment and income inequality rates. Slow economic growth since 2008 has further aggravated unemployment, real disposable income is stagnant, and households are heavily indebted. Relatively high capital buffers as well as sound regulation and supervision have helped mitigate the risks. Stress tests confirm the capital resiliency of banks and insurance companies to severe shocks but illustrate a vulnerability to liquidity shortfalls.