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SARB statement on the role of the Financial Sector Contingency Forum
Published Date:
2023-02-21
Last Modified Date:
2023-02-21, 02:51 PM
Category:
Media > Media Releases | What's New
The South African Reserve Bank (SARB) has received queries relating to the role of the Financial Sector Contingency Forum (FSCF), specifically around plans to prepare for the unlikely event of a regional or national grid failure. The SARB’s financial stability mandate requires it to assess potential systemic risks and to mitigate such risks.