Sarb deputy says current ‘implicit’ deposit protection is ‘risky’
South Africa’s resolution framework one step closer to revamp
A deputy governor of the South African Reserve Bank has stood behind plans to create an external deposit insurance scheme, saying the old bailout system is out of date and unsustainable.
“South Africa is currently the only G20 country that does not have an explicit deposit insurance scheme,” deputy governor Francois Groepe said at a public workshop held in Pretoria today (August 24).
Earlier this year, the central bank set out its proposal for a deposit insurance scheme as part of a wider
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Financial Stability
Bill aims to remove Tunisian central bank’s independence
Proposed law would also allow direct monetary financing of Treasury
Former LatAm governors propose new IMF liquidity tool
Emerging market fund would be aimed at stabilising bond markets during liquidity crises
Afghanistan faces continued deflation – World Bank report
Prices fell for 16th consecutive month in August, though currency remains stable
Liquid assets best placed to reap benefits of AI – IMF report
Study explores risks and rewards to capital markets from emerging technology
RBI governor warns of financial stability risks from AI
Das calls on banks to guard against liquidity stresses resulting from disinformation
Excessive intervention can hinder FX markets – IMF economists
Best for central banks to deepen their reserves before shocks arise
PMA governor calls on Palestinians to use electronic payments
Businesses in West Bank and Gaza continue to register negative growth
World Bank raises its growth forecast for south Asia
Institution projects it to be fastest-growing region among emerging economies