Download Free The Mechanics Of The South African Financial System Book in PDF and EPUB Free Download. You can read online The Mechanics Of The South African Financial System and write the review.

A reference and guide for commerce students, public servants and the business fraternity, giving an overview of how the various institutions in the South African financial system operate as well as of the different financial markets in the economy and the instruments traded in those markets.

South Africa

International Monetary Fund. Monetary and Capital Markets Department

Published: 2015-03-03

Total Pages: 42


Get eBook

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.

South Africa

International Monetary Fund. Monetary and Capital Markets Department

Published: 2014-12-11

Total Pages: 104


Get eBook

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.
This guide outlines the essential features orf the South African financial sector. Written by executives of prominent financial institutions, it provides the reader with first-hand accounts of operations in various financial markets, covering the elements of the financial system, its institutions, markets, and instruments, and monetary policy.
South Africa has undergone a financial revolution since 1950 when the financial structure was colonial. By 1990 the situation had changed and new institutions emerged. This book looks at some of these institutions including the first Afrikaner banks, merchant banks and discount houses.