South African 'super regulator' idea rejected

A proposal from South Africa's finance minister to establish a 'super regulator' that would take away responsibility for banking supervision from the central bank has been rejected by bank CEOs in a recent survey.

Source: Business Day

Banking heavyweights have given the thumbs down to Finance Minister Trevor Manuel's proposal for a "super regulator" for the entire financial services sector, which would replace the Reserve Bank as the banking regulator.

Manuel first mooted the idea in Parliament

To continue reading...

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 indvidual account here: