The Bank is represented on all the prominent regional and international forums. These include the Group of Twenty (G20), International Monetary Fund (IMF), World Bank, BRICS, Financial Stability Board (FSB), Bank for International Settlements (BIS), Basel Committee on Banking Supervision (BCBS), International Association of Insurance Supervisors (IAIS), Committee on Payments and Market Infrastructures (CPMI), International Organization of Securities Commissions (IOSCO), Financial Action Task Force (FATF), International Association of Deposit Insurers (IADI), Committee of Central Bank Governors (CCBG), Southern African Development Community (SADC), Association of African Central Banks (AACB) and Common Monetary Area (CMA).
Notably, the SARB chairs the following international forums:
The SARB’s international strategy is directed at leveraging and maximising the Bank’s participation in international forums in pursuit of the following objectives:
This entails monitoring and analysing international economic and financial regulatory developments and identifying the potential policy implications for South Africa and the SARB. In addition, the SARB’s participation in international forums is directed at ensuring that policy developments adequately account for South Africa’s and Africa’s interests (given that South Africa is often the only African representative at such forums). The SARB provides regular feedback to relevant African stakeholders on the latest international economic and policy developments. In executing its international strategy, the SARB engages and coordinates with the relevant domestic stakeholders such as the National Treasury and the Financial Sector Conduct Authority to ensure a consistent South African message is delivered across all relevant international forums.