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South Africa
and the Region: Economic
Policy, Financial System, Financial Institutions, Investment, Markets and Regulation
The Guide
to the Southern African Financial Services Industry
FSF
brings you information
on financial services, economic policy, financial
institutions, financial markets, financial regulation and payment systems in South Africa and
elsewhere.
FSF also provides a directory to
relevant Web sites, and through the selected links,
reduces your search time.
See What's
New, below - scroll down
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Keep Abreast of ...
IMF:
Central banking lessons from the crisis Wednesday,
21 July 2010
The IMF’s Executive Board discussed the lessons
from the crisis for central banks. Policymakers are beginning to
incorporate the lessons of the crisis for policy frameworks, including
those for systemic financial stability, prudential regulation and
supervision, monetary policy, liquidity management, and crisis
management.
Central banks were thus the main institutional focus
of the discussion, although there were also implications for
regulators separate from central banks. While the discussion
considered mainly the issues facing advanced economies, the lessons
are applicable to a wide range of economies.
The crisis brought the financial system to the verge
of systemic collapse and raised the prospect of depression and
deflation. Central banks helped defuse these threats, including
through exceptional measures. Considerable efforts are now under way
to draw policy lessons from the crisis. For central banks, the crisis
seems to provide three important lessons for policy frameworks—mainly
concerning systemic financial stability.
First, financial stability should be addressed
mainly using macroprudential policies. They can mitigate the
procyclicality of systemic risk and the build-up of structural
vulnerabilities. Macroprudential tools include capital requirements
and buffers, forward-looking loss provisioning, liquidity ratios, and
prudent collateral valuation. All potentially systemic institutions
and markets should be within the macroprudential regulatory perimeter.
Central banks should play a key role, whether or not they serve as the
main regulator. However, much work remains to be done to develop
full-fledged macroprudential frameworks, including operational tools
and governance and institutional arrangements. ...
Continue reading on the Financial
Regulation Forum
See previous
briefings (last: US Congress passes regulatory reform bill) in the Briefings
section of the Financial Regulation
Forum
Keep Abreast of ...
is inspired by Teaching
Sells and hosted in
the US by Bluehost
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Topical
 | Financial
institutional structure
Following recent statements by the ANC and its
Alliance partners, we wish to facilitate discussion on the South
African financial system and its institutional infrastructure -
Treasury; Reserve Bank; Financial Services Board; banks, etc.;
monetary policy; regulation; stability; payment systems; and
nationalisation. |
| The
Devil’s Casino: Friendship, Betrayal and the High Stakes Games
Played Inside Lehman Brothers, by Vicky Ward
They were the Rat Pack of Wall Street. Four close
friends: one a decorated war hero, one an emotional hippie, and two
regular guys with big hearts, big dreams, and noble aims. They were
going to get rich on Wall Street. They were going to prove that men
like them ? with zero financial training - could more than equal the
Ivy-League-educated white shoe bankers who were the competition. They
were going to create an institution for men like them -- men who were
hungry and untrained ? and they were going to win, but not at the cost
of their souls. In short, they were going to be the good guys of
finance. |
| Financial news from South
African online news publications. |
| The
price of freedom
An Economist special report on South Africa. Since embracing full
democracy 16 years ago, South Africa has made huge strides. But,
says Diana Geddes, not everything has changed for the better.
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| The Economist's Big
Mac index seeks to make exchange-rate theory more
digestible. It is arguably the world's most accurate financial
indicator to be based on a fast-food item. |
| Property analyses are in the Assets
and investments section |
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Convert from South African Rand (or any other currency) to
any other currency.
Includes all African currencies. Historical exchange rates also
available in tabular format.
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What's new
June 2010
| Absa provides its third Quarterly
Economic
Perspective, it is indexed in the
Economic
information section. |
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The [SA] Monetary Policy Committee decided to
leave the repo rate unchanged at 6,5 per cent per
year, see the latest
Statement
of the Monetary Policy Committee available from the Reserve
Bank,
it is indexed in the System
& markets section. Next meeting on 8 & 9 September 2010. |
| The OECD has published its Economic
Survey of South Africa, it is indexed in the Economic
information section. |
| The [SA] Sunday Times has published a survey on
Internet fraud and crime, see Combat
rising crime and fraud on the Web on the South Africa: Financial
Institutional Structure website. |
| The Bank of England has published it biannual Financial Stability Report, it is
indexed in the Regulation
& legislation section. |
| The SA Reserve Bank June Quarterly
Bulletin is now available, it is indexed in the
Economic
information section. |
| Standard
Bank's Lesotho:
Annual Economic Outlook 
(PDF) is available, it is
indexed in The
Africa region section. |
| An updated Standard Bank Residential
Property Gauge
is available
(PDF), it is indexed in the
Assets
& investments section. |
May 2010
| Standard
Bank's Tanzania:
Annual Economic Outlook
(PDF) is available, it is
indexed in The
Africa region section. |
| The SA Reserve Bank releases the Bank Supervision, 2009 Annual Report, it is
indexed in the Regulation
& legislation section. |
| Standard
Bank's Angola:
Annual Economic Outlook
(PDF) is available, it is
indexed in The
Africa region section. |
| The SA Reserve
Bank has released it biannual Monetary Policy Review,
it is indexed in the System
& markets section. |
| Have
your say on the South African Reserve Bank Amendment Bill.
The Standing Committee on Finance invites shareholders and
interested parties to submit written submissions on the South
African Reserve Bank Amendment Bill [B10-2010]. |
|
The [SA] Monetary Policy Committee decided to
leave the repo rate unchanged at 6,5 per cent per
year, see the latest
Statement
of the Monetary Policy Committee available from the Reserve
Bank,
it is indexed in the System
& markets section. Next meeting on 21 & 22 July 2010. |
| Marcus
calls for SARB amendment bill to be fast-tracked.
Following Finance Minister Pravin Gordhan’s comments last week
that the government is to amend the country’s Reserve Bank Act,
SARB Governor Gill Marcus yesterday urged the country’s
Parliament to “fast track” the South African Reserve Bank
Amendment Bill. |
| Standard
Bank's Swaziland:
Annual Economic Outlook
(PDF) is available, it is
indexed in The
Africa region section. |
| An updated Standard Bank Residential
Property Gauge
is available
(PDF), it is indexed in the
Assets
& investments section. |
| The Standard
Bank provides an Africa
Snapshot, it is
indexed in The
Africa region section. |
| The second quarter Absa Housing
Review is available
(PDF), it is indexed in the Assets
& investments section. |
April 2010
| Standard
Bank's Ghana:
Annual Economic Outlook
(PDF) is available, it is
indexed in The
Africa region section. |
| The SA Reserve Bank provides its latest Financial Stability Review: March 2010, it is
indexed in the Regulation
& legislation section. |
| The Ernst
& Young Financial
Services Index, First Quarter 2010, is available, it is
indexed in Institutions
& bodies section. |
| The IMF provides its 2010 World
Economic Outlook, it is
indexed in The
Africa region sections. |
| The Nedbank Guide
to the Economy is now
available, it is indexed in the Economic
information section. |
| Standard
Bank's Namibia:
Annual Economic Outlook
(PDF) is available, it is
indexed in The
Africa region section. |
| The IMF provides its latest Global
Financial Stability Report, it is
indexed in the Regulation
& legislation and The
Africa region sections. |
| Absa provides its Quarterly
Economic
Perspective, it is indexed in the
Economic
information section. |
| Standard
Bank's Malawi:
Annual Economic Outlook
(PDF) is available, it is
indexed in The
Africa region section. |
| Standard
Bank's Nigeria:
Annual Economic Outlook
(PDF) is available, it is
indexed in The
Africa region section. |
| An updated Standard Bank Residential
Property Gauge
is available
(PDF), it is indexed in the
Assets
& investments section. |
March 2010
February 2010
| Rand
Merchant Bank's Africa
Quarterly: Getting back on track, is available, it is
indexed in The
Africa region section. |
| Standard
Bank's Uganda:
Annual Economic Outlook
(PDF) is available, it is
indexed in The
Africa region section. |
| The 2010
National Budget documentation is now available, it is
indexed in the Economic
information section |
| Standard
Bank's annual report The
Economy in 2010
(PDF 2,4 MB) is available, it is
indexed in the Economic
information section |
| Standard
Bank's Zambia:
Annual Economic Outlook
(PDF) is available, it is
indexed in The
Africa region section. |
| The first quarter Absa Housing
Review is available
(PDF), it is indexed in the Assets
& investments section. |
| An updated Standard Bank Residential
Property Gauge
is available
(PDF), it is indexed in the
Assets
& investments section. |
| The Nedbank Guide
to the Economy is now
available, it is indexed in the Economic
information section. |
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Choice,
not fate the life and times of Trevor Manuel: Biography of Trevor
Manuel,
Pippa Green
Trevor Manuel has been South African Minister of
Finance since June 1996. He was born in Cape Town in January 1956 the
son of an employee of the Cape Town City Council. He was involved in
the founding of the UDF in the Western Cape and subsequently became
the regional secretary of the United Democratic Front (UDF). Between
1985-1990 he was repeatedly detained without trial or placed under
house arrest, spending a total of 35 months in detention. In 1992
Manuel became head of the ANC's Department of Economic Planning. After
the April 1994 elections Manuel was appointed Minister of Trade
Industry and in March 1996 he was appointed Minister of Finance
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