The Financial Sector Forum
Financial stability
SARB Financial Stability Review
South African Reserve Bank Financial Stability Review. Overview. This issue of the Financial Stability Review focuses on the six-month period ending December 2011, and selected developments up to 31 March 2012 are also reported on. Since the release of the September 2011 Financial Stability Review, the global macrofinancial environment initially became more challenging before showing … Continue reading
FNB Comment: Confidence in times of crisis
27 Feb. FNB Comment: Confidence in times of crisis. Crises tend to be driven by two major engines, namely that what has technically gone wrong and the consequent loss of investor confidence in asset values, institutions and policymakers. So crisis containment needs to address both the technical malfunctioning and the confidence loss. As the first … Continue reading
Stay calm and carry on, Gordhan tells SA
South Africans should not worry too much about bad news from the World Economic Forum’s 2012 meeting in Davos-Klosters in Switzerland, Finance Minister Pravin Gordhan said on Wednesday. “South Africans should not worry too much about the outlook, but ask what they should do,” Gordhan said via video link from Davos-Klosters to the Gordon Institute … Continue reading
What do global risks mean for SA?
The global risks identified by the World Economic Forum of economic imbalances and social inequality are mirrored in SA, as these two risks find their statistical and pictorial counterparts in the fact that SA has one of the highest Gini coefficients. The global risks identified by the World Economic Forum of economic imbalances and social … Continue reading
SARB Financial Stability Review
South African Reserve Bank Financial Stability Review, September 2011. Overview: This issue of the Financial Stability Review focuses mainly on the six-month period ending June 2011, and selected developments up to 30 September 2011 are also reported on. Since the release of the March 2011 Financial Stability Review, global economic growth has remained at subdued levels, … Continue reading
Eurozone crisis: banks agree to 50% cut in Greece’s debt
Private investors take ‘haircut’ on Greek bonds in €100bn bailout deal that also strengthens European rescue fund. Europe’s leaders are claiming a victory in the eurozone crisis after agreeing new deals that halve Greek debt and increase the firepower of the main bailout fund to around €1trn. Athens will be handed a new €100bn bailout … Continue reading
Making banks safer
18 Oct. Making banks safer: IMF Working Paper by Chow, Julian T.S. and Surti, Jay. This paper assesses proposals to redefine the scope of activities of systemically important financial institutions. Alongside reform of prudential regulation and oversight, these have been offered as solutions to the too-important-to-fail problem. It is argued that while the more radical of … Continue reading
Tutu’s challenge to G20 leaders
16 Oct. Tutu’s challenge to G20 leaders. Letter from Desmond Tutu. I urge G20 leaders meeting in Cannes next month to back the efforts of President Sarkozy to introduce a tax on financial transactions to help low-income countries hit by the economic crisis and to protect poor people from climate change. While the international community … Continue reading
SA wary of Brics aid for euro rescue
Gill Marcus, Reserve Bank, paints a depressing picture of the state of the global economy and South Africa’s own prospects. Gill Marcus, governor of the Reserve Bank, on Wednesday warned that any plan by the Brics countries, of which South Africa is one, to assist the euro zone in solving its debt crisis needed to … Continue reading
Treasury proposes emergency relief team
A safer financial sector would be anchored on four pillars – financial stability, consumer protection, access to financial services and the combating of financial crime. The Treasury is proposing that an emergency team should be set up with Finance Minister Pravin Gordhan and Reserve Bank governor Gill Marcus to take appropriate – and possibly snappy … Continue reading
Please Help
PLEASE HELP US TO IMPROVE OUR INFORMATION CONTENT AND CONTINUE THE SERVICE
If you found the information on this website useful and if you or your company would like to see it expand please click on DONATE. Thanks on behalf of the Financial Regulation Forum and the Financial Sector Forum - the Editor.
