Advertise Here
Icon

Directory

IconAccounting & Tax
IconActuaries
IconAdministrators
IconAppraisers & Valuers
IconArbitration Services
IconASIB
IconAssessors & Loss Adjusters
IconAssist and Lifestyle Benefits
IconAssociations & Institutes
IconAuditors
IconBBBEE Consulting and Verification Agencies
IconBroker Acquisition Financing
IconBrokers for Brokers
IconBusiness Process Management
IconBusiness Process Outsourcing
IconCall Centre Outsourcing & Sales
IconCompany Secretarial Services
IconCompliance
IconConsumer Protection
IconCorporate Governance
IconCredit Bureaus
IconDebit Order Collection Facilities
IconDefensive Driver Training
IconEducation and Training
IconEmergency Medical Rescue
IconFAIS
IconFire, Storm, Flood Damage Specialists
IconForensic Investigation Services
IconHuman Resources
IconIndustrial Cleaners
IconInformation Technology and Software Partners
IconInsurance Companies
IconLegal
IconLightning Damage & Surge Protection Specialists
IconNiche Insurance Products
IconOmbud
IconOutbound Sales
IconOutsourcing Companies
IconPolicy Administration
IconPremium Financing
IconPublic Loss Adjustors
IconPublications
IconRating Agencies
IconReference Books & Material
IconRegulatory Authorities
IconRisk Finance
IconRisk Management
IconRisk Surveyors
IconSalvage Operators
IconSpecialized Claims Investigations & Assessing
IconSurveys and Research
IconTraining Courses & Workshops
IconUnderwriting Managers
IconVehicle Accident Management
IconVehicle and Household Risk Inspection Services
IconVehicle Tracking
IconWellness Programs
IconWholesale Brokers
IconZZZZZZ
Advertise Here
  Subscribe To »

South African Reserve Bank - Prudential Authority

Visit company website »
Back to previous page »
Print this listing »
Image
 
 
 
The Twin Peaks model for financial sector regulation was proposed as a means to reform the regulatory and supervisory system in so far as it related to financial institutions. In June 2011, Cabinet approved the move towards the model which resulted in the drafting of the Financial Sector Regulation (FSR) Act.
 
On 21 August 2017 the FSR Act was signed into law.  The passing of the FSR Act is the culmination of collaboration on financial sector reform by the South African Reserve Bank (SARB), National Treasury and the Financial Services Board and marks an important milestone on the journey towards a safer and fairer financial system that is able to serve all citizens.
 
The FSR Act gave effect to three important changes to the regulation of our financial sector. First, it gave the SARB an explicit mandate to maintain and enhance financial stability. Second, it created a prudential regulator, the Prudential Authority (PA). The PA is responsible for regulating banks, insurers, cooperative financial institutions, financial conglomerates and certain market infrastructures.  Third, the FSR Act established what is called a market conduct regulator, which is located outside of the SARB.
 
The PA is a juristic person operating within the administration of the SARB and consists of the following four departments: the Financial Conglomerate Supervision Department; the Banking, Insurance and FMI Supervision Department; the Risk Support Department; and the Policy, Statistics and Industry Support Department.
 
To find out more visit https://www.prudentialauthority.co.za.  
Advertise Here
Advertise Here

From The Glossary »

Icon

Expected Deaths:

The deaths which would occur in a group if the actual mortality experience should coincide exactly with the mortality assumptions.
More Definitions »

 
 
By using this website you agree to the Terms of Use.
Copyright © Stoker Risk & ICT (Pty) Ltd 2004 - 2018.
All Rights Reserved.
Icon

Advertise

  Icon

eZine

  Icon

Contact IG

Icon

Media Pack

  Icon

RSS Feeds