South Africa

Details

  • Industry: Financial Services
  • Type: Business and industry issue
  • Date: 2009/09/10

Frontiers in Finance - June 2009 

The financial services sector - like the global economy as a whole - faces a long and potentially bumpy road to recovery. One of the foundations for long term stability should be regulatory reform. While regulation cannot eliminate all risk from financial markets, the old regime was in need of some redevelopment.
Frontiers in finance
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Regulators in many jurisdictions are struggling to formulate new frameworks which will prove robust and effective. As yet, it is not clear that there is agreement on basic principles. Furthermore, solutions are likely to differ between the banking, investment management and insurance sectors.