South Africa: Report on the Observance of Standards and Codes on Banking Supervision, Insurance Supervision, and Securities' Regulation

December 8, 2010

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Format: Chicago

South Africa: Report on the Observance of Standards and Codes on Banking Supervision, Insurance Supervision, and Securities' Regulation, (USA: International Monetary Fund, 2010) accessed November 25, 2024

Summary

In South Africa, long-term insurers experienced some strains during the financial crisis, but there were no crisis-related failures. The capital markets suffered sharp declines but no systemic failures. The three standards assessments have found the regulatory system fundamentally sound. The National Treasury has authority to set and oversee national regulatory policy. Banking supervision is effective and has contributed to reducing the impact on the financial sector of the global financial crisis. Insurance regulation is sound and while the assessment identifies areas for development, these are being addressed.

Subject: Banking, Capital adequacy requirements, Commercial banks, Financial institutions, Financial regulation and supervision, Financial services, Insurance, Insurance companies

Keywords: Africa, Banking sector, Capital adequacy requirements, Capital ratio, Commercial banks, Country risk, CR, Global, Insurance, Insurance companies, ISCR, JSE company, Minister of finance, Risk management, Spot market, Stock futures

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/352
Stock No:

1ZAFEA2010003
ISBN:

9781455212774
ISSN:

1934-7685

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