Some G20 initiatives have harmed EMs, says Mminele
Reforms have led to G-Sibs reassessing their business models, leading to a rise in de-risking, says Sarb deputy
A deputy governor from the South African Reserve Bank has said some of the reforms implemented by the G20 following the financial crisis have had "unintended consequences".
Daniel Mminele said a number of global systemically important financial institutions had "reassessed the sustainability of their business models" in the wake of the reforms. In some instances this had led to de-risking, he told a conference in South Africa on February 1.
"De-risking has consequently taken the form of reducing
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