Sarb expands risk management framework
Sarb sets up unit in financial stability department to address stress-testing needs
The South African Reserve Bank (Sarb) has expanded its risk management framework to "cover policy risks" and will soon incorporate financial stability as well, according to deputy governor Francois Groepe.
During his opening remarks at the International Operational Risk Working Group conference in Cape Town, Groepe said policy-makers "further envisage incorporating financial stability policy… once we have implemented the proposed financial regulatory architecture reforms".
The Financial Sector
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