The impact of diverging monetary policies on emerging markets It is a pleasure and privilege to have been invited to deliver the keynote address at this sixth Annual National Asset-Liability Management Africa symposium, which judging from the topics, promises to be an exciting event. Unfortunately, other commitments will not allow me to spend more time with you as I will have to leave immediately after this address. There is, however, strong representation from the South African Reserve Bank, and my colleagues will be able to share with me later some of the insights I am going to miss. As financial market participants, we all realise the challenges and risks stemming from a low growth and low interest rate economic environment amid a changing financial landscape and turbulence in financial markets