World BankInternational Monetary Fund2013-02-262013-02-262010-10https://hdl.handle.net/10986/12520This assessment found South Africa s regulatory system to be fundamentally sound and compliant with international standards. Banking supervision has been effective and has helped limit the impact on the financial sector of the global financial crisis. The assessment recommended that the bank registrar s remedial powers for addressing problems in banks should be strengthened and that a specific regulation for dealing with country and transfer risk be introduced.The FSB is also undertaking a study of the OTC market. Limited progress has been made by the Department of Trade and Industry (DTI) to implement significant amendments to the Companies Act that were enacted in 2007 and in 2009. If progress continues to lag, consideration should be given to reassigning responsibility for these functions to the Financial Services Board (FSB).en-USCC BY 3.0 IGOACCESS TO INSURANCEACCOUNTABILITYACCOUNTINGAGRICULTURAL COMMODITIESALMASSET PORTFOLIOASSET-BACKED SECURITIESAUDIT COMMITTEEAUDITINGAUDITORSAUTONOMYBALANCE SHEETSBANK RUNBANK SUPERVISIONBANKING ASSETSBANKING SECTORBANKING SECTOR ASSETSBANKING SUPERVISIONBANKING SYSTEMBANKSBIDSBONDBOND ISSUESBOND TRADINGBROKERBROKERSCAPACITY BUILDINGCAPITAL ADEQUACYCAPITAL ADEQUACY RATIOSCAPITAL MARKETSCAPITAL PLANNINGCAPITAL REQUIREMENTSCAPITALIZATIONCOLLATERALCOLLECTIVE INVESTMENTCOMMERCIAL BANKSCOMPANY LAWCONSOLIDATED SUPERVISIONCONSUMER CREDITCONSUMER PROTECTIONCONTINGENCY PLANNINGCONTRACTUAL SAVINGSCOOPERATIVE BANKSCORPORATE GOVERNANCECOUNTRY RISKCREDIT DEFAULTCREDIT DEFAULT SWAPSCREDIT RATINGCREDIT RATING AGENCIESCREDIT RISKCREDIT RISK MANAGEMENTCUSTODYDEBTDEBT INSTRUMENTSDEBT SECURITIESDEFAULT RISKDEPOSITDEPOSIT INSURANCEDEPOSITORSDERIVATIVEDERIVATIVE PRODUCTDERIVATIVESDERIVATIVES EXCHANGEDERIVATIVES MARKETDISCLOSURE REQUIREMENTSDISCLOSURE STANDARDSDOMESTIC BONDDOMESTIC BOND MARKETEMERGING MARKETENFORCEMENT POWERSEQUITIESEQUITY MARKETEQUITY MARKETSEQUITY SECURITIESEXCHANGE CONTROLEXTERNAL AUDITORSFINANCIAL CRISISFINANCIAL HEALTHFINANCIAL INFORMATIONFINANCIAL MARKETSFINANCIAL RISKFINANCIAL SECTOR DEVELOPMENTSFINANCIAL SERVICE PROVIDERSFINANCIAL SERVICESFINANCIAL STABILITYFINANCIAL STATEMENTSFINANCIAL SYSTEMFOREIGN ASSETSFOREIGN BANKFOREIGN BANKSFOREIGN CURRENCIESFOREIGN CURRENCYFOREIGN EXCHANGEFOREIGN MARKETFRAUDFREE ASSETSFUTURESFUTURES EXCHANGEGOVERNMENT DEBTHEDGE FUNDHEDGE FUNDSHOLDING COMPANIESHOST COUNTRYINFLATIONINITIAL PUBLIC OFFERINGSINSIDER TRADINGINSURANCEINSURANCE COMPANIESINSURANCE COMPANYINSURANCE COMPANY INVESTMENTSINSURANCE PENETRATIONINSURANCE PREMIUMSINSURANCE PRODUCTSINTELLECTUAL PROPERTYINTEREST RATEINTEREST RATE RISKINTEREST RATESINTERNAL AUDITINTERNAL CONTROLSINTERNATIONAL DEVELOPMENTSINTERNATIONAL STANDARDSINVESTMENT BANKSINVESTOR PREFERENCESISSUANCELAWSLEGAL AUTHORITYLEGAL FRAMEWORKLEGAL PROTECTIONLEGISLATIONLEVYLIFE INSURANCELIFE INSURANCE COMPANIESLIQUIDITYLIQUIDITY MANAGEMENTLIQUIDITY RISKLIVING STANDARDSLOCAL GOVERNMENTMACROECONOMIC POLICIESMANDATESMARKET CAPITALIZATIONMARKET CONDITIONSMARKET DEVELOPMENTSMARKET ENVIRONMENTMARKET RISKMARKET RISKSMARKET STRUCTUREMARKET SURVEILLANCEMARKET TRANSACTIONSMARKET VALUEMATURITYMICRO INSURANCEMONETARY FUNDMONETARY POLICIESMONETARY POLICYMONEY MARKETMORAL SUASIONMUTUAL FUNDSNATIONAL CREDITNATIONAL TREASURYOFFSITE SUPERVISIONOPERATIONAL INDEPENDENCEOPERATIONAL RISKOPERATIONAL RISKSPENALTIESPENSIONPENSION FUNDPENSION FUND ASSETSPENSION FUNDSPENSIONSPORTFOLIOSPRUDENTIAL REGULATIONPRUDENTIAL REGULATIONSPRUDENTIAL REQUIREMENTSRATING AGENCIESREDEMPTIONREGULATORY AUTHORITIESREGULATORY AUTHORITYREGULATORY FRAMEWORKREGULATORY OBJECTIVESREGULATORY OVERSIGHTREGULATORY STRUCTUREREGULATORY SYSTEMREGULATORY SYSTEMSRESERVERESERVESRESOURCE ALLOCATIONRETIREMENTRETURNRETURNSRISK MANAGEMENTRISK PROFILESAVINGSSECONDARY MARKETSECONDARY MARKET TRADINGSECURITIESSECURITIES MARKETSECURITIES MARKETSSECURITIES REGULATIONSETTLEMENTSHAREHOLDERSHAREHOLDERSSOLVENCYSPOT MARKETSTOCK EXCHANGESTOCKSSUBSIDIARIESSUBSIDIARYSUPERVISORY AUTHORITYSUPERVISORY FRAMEWORKSUPERVISORY POWERSSWAPSYSTEMIC RISKTAXTERRORISMTHE SOUTH AFRICAN RESERVE BANKTIER 1 CAPITALTIER 2 CAPITALTRADING SYSTEMTRANSFER RISKTRANSFER RISKSTRANSPARENCYTURNOVERUSE OF DERIVATIVESVALUATIONWorld Bank10.1596/12520