CLOs are said to be far safer than the derivatives that nearly brought down the global banking system in 2007 – but the cracks are beginning to show.
Coronavirus shows just how much the world needs a new system of global governance to address systemic risks.
South Africa is the eight country in the world to adopt the ‘Twin Peaks’ model of regulating its financial services sector.
Instead of having a separate regulator just for banks, the new system creates one to prevent financial crises, the other to ensure good market conduct and consumer protection.
The South African Reserve Bank was justified in placing VBS Mutual Bank under curatorship.
A new study brings fresh insights into understanding the nature and extent of South Africa’s systemic risks within the country’s financial sector.