Kganyago warns of ‘importing structural instability’

Lesetja Kganyago
Governor Lesetja Kganyago. Photo: Elske Kritzinger
Elske Photography

The governor of the South African Reserve Bank (Sarb) has warned of "importing structural instability" as the global financial system adapts to stricter regulation.

Speaking in Cape Town on December 9, Lesetja Kganyago acknowledged the global regulatory framework was "beginning to succeed" in meeting its objectives of addressing the ‘too big to fail' issue, as global systemically important banks (G-Sibs) adjust their balance sheets and re-evaluate their business models.

However, the governor

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