The South African Reserve Bank (SARB) and the National Treasury have proposed a deposit insurance scheme for South Africa.
The SARB has published, for public comment, a discussion paper titled “Designing a deposit insurance scheme for South Africa”. The discussion paper, aimed at soliciting views on the design features of such a scheme, is complementary to the measures proposed in the discussion paper to “Strengthen South Africa’s resolution framework for financial institutions” published on 13 August 2015. (more…)
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