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

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 Nationa...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2010
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a South Africa 
653 |a Insurance companies 
653 |a Depository Institutions 
653 |a Asset requirements 
653 |a Commercial banks 
653 |a Institutional Investors 
653 |a Capital adequacy requirements 
653 |a Banks 
653 |a Pension Funds 
653 |a Finance 
653 |a Banks and banking 
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653 |a Financial institutions 
653 |a Financial services 
653 |a Financial Instruments 
653 |a Micro Finance Institutions 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Mortgages 
653 |a Non-bank Financial Institutions 
653 |a Banks and Banking 
653 |a Financial services industry 
653 |a Financial regulation and supervision 
653 |a Banking 
653 |a Actuarial Studies 
653 |a Financial services law & regulation 
653 |a Insurance Companies 
653 |a Insurance 
653 |a Insurance & actuarial studies 
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520 |a 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