More regulation ‘may not fix problematic conduct’, says Sarb’s Mminele
Deputy governor appeals to the entire financial market to challenge current culture
The deputy governor of the South African Reserve Bank has called upon the financial sector to help rebuild what he called the “enormous trust deficit” that has accrued since the financial crisis, noting more regulation might not be able to fix problematic conduct.
Speaking in Johannesburg earlier this month, Daniel Mminele said South Africa was still “some distance away from the finish line” when it comes to enforcing the highest standards of conduct and market best practice.
“And it is not
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