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1998-08-06: Statement issued by the Policy Board for Financial Services and Regulation on the
Published Date:
1998-08-06
Last Modified Date:
2020-10-08, 08:17 PM
Category:
Media > Media Releases
The Policy Board for Financial Services and Regulation appointed a task group to inquire into the regulation and supervision of financial conglomerates. The members of the task group wereDr H B FalkenaAdv H W KrullProf D T Llewellyn (Loughborough University)Mr R K Store.The task group completed its inquiry and prepared a final report. Although the recommendations of the task group were accepted in principle by the Policy Board, the Board nevertheless wishes to distribute the task group=s report more widely for comment by interested parties. Once comments have been received and considered, arrangements will be made, by means of new legislation or amendments to existing legislation, for the implementation of the recommendations, incorporating appropriate comments on the report.The Final Report on the Regulation and Supervision of Financial Conglomerates is available on the following website, namely:http://www.resbank.co.za/policy/policy.html