South Africa: Financial System Stability Assessment, Including Report on the Observance of Standards and Codes on the following topic: Securities Regulation
IMF Staff Country Reports, October 22, 2008
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- South Africa: Financial System Stability Assessment, Including Report on the Observance of Standards and Codes on the following topic: Securities Regulation
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Bibliographic details
- Published: October 22, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451841084.002
Key findings
- South Africa’s financial system is described as sophisticated and fundamentally sound.
- The system "has so far weathered the global financial market turmoil without major pressures."
- Banks and insurance companies have enjoyed:
- good profitability,
- capitalization levels,
- and reserves.
- The financial sector regulatory framework is characterized as modern and generally effective.
- Stress tests suggest that capital and reserve cushions at banks and insurance companies are sufficient to absorb large shocks.
Scope and subjects covered
- Scope: Financial System Stability Assessment for South Africa and review of the Report on the Observance of Standards and Codes on Securities Regulation.
- Subjects: Banking, Commercial banks, Currency markets, Financial crises, Financial institutions, Financial markets, Insurance, Insurance companies.
- Keywords include: Africa, bank, banking system, capital market, central bank, Commercial banks, conduct responsibility, CR, Currency markets, FSB, Global, hedge fund market, insolvent bank, Insurance, Insurance companies, investment market, ISCR, liquid asset, market, market capitalization, market conduct, market turmoil, niches well, risk estimate, SARB.