South Africa moves toward UK-style ‘twin peaks’ regulators

sarb-dome

South Africa is a step closer to introducing ‘twin peaks' regulators with similarities to those in the UK, according to a consultative document issued jointly on February 1 by the South African Reserve Bank (Sarb), the Financial Services Board and the National Treasury.

Like the UK, the plans propose creating a new prudential regulator that will be overseen by the central bank, and a new financial conduct watchdog to replace the existing Financial Services Board. The Sarb also takes overall

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 copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.