South Africa : Financial System Stability Assessment, Including Report on the Observance of Standards and Codes on the following topic: Securities Regulation

Author/Editor:

International Monetary Fund

Publication Date:

October 22, 2008

Electronic Access:

Free Full Text (PDF file size is 931 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses the Financial System Stability Assessment for South Africa, and reviews the Report on the Observance of Standards and Codes on Securities Regulation. The assessment reveals that South Africa’s sophisticated financial system is fundamentally sound and 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 modern and generally effective. Stress tests suggest that capital and reserve cushions at banks and insurance companies are sufficient to absorb large shocks.

Series:

Country Report No. 08/349

Subject:

English

Publication Date:

October 22, 2008

ISBN/ISSN:

9781451841084/1934-7685

Stock No:

1ZAFEA2008003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

65

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