Financial regulation powers pose new threats to central banks – Kganyago

Lesetja Kganyago
Sarb governor Lesetja Kganyago

The financial regulation competencies acquired by central banks since the financial crisis pose new threats to their independence, South African Reserve Bank (Sarb) governor Lesetja Kganyago said on March 2.

While goals and operational independence can be clearly defined in monetary policy, financial regulation presents a more complex set of questions, Kganyago told Central Banking’s National Asset-Liability Management conference in London.

Regarding monetary policy, most countries have an inf

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