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...
This technical note explores the consequences of climate risks and opportunities (CRO) for the South African financial sector. It does so from the perspective of risks for the sector and opportunities...
South Africa has made significant progress in expanding access to financial services for individuals, but active usage of digital financial services remains low. Approximately four in five South African...
The South African financial system has weathered the shock of COVID-19 but faces growing risks emanating from a weak macroeconomic outlook. The pandemic crisis hit South Africa hard, with nonresident capital...
The banking sector is highly concentrated, with interest rate spread decomposition revealing high overhead costs and fees. Fees structures are complex and extensive prompting the need for user-friendly...
Since 2018, the South African authorities operates under a twin peaks' model, with the Financial Sector Conduct Authority (FSCA) which is in charge of regulating and supervising the market and its participants...
The Financial Services Conduct Authority (FSCA) is responsible for the oversight of the sector, with the legal and regulatory framework and supervisory approach requiring updating for the authority to...