South African deputy looks to fill gaps in resolution setup

South African Reserve Bank

A South African Reserve Bank (Sarb) deputy governor emphasised the importance of plugging holes in the country's resolution framework on September 15 – identifying the key elements he would like to see in a Special Resolution Bill.

The country's existing framework for dealing with failed institutions is fragmented, contained in various pieces of legislation and regulation, Francois Groepe told a public workshop in Cape Town.

In an effort to rectify this, Sarb, the National Treasury, and Financia

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