The objectives of monetary policy The Gerhard de Kock Commission of Inquiry into the Monetary System and Monetary Policy in South Africa laid the foundation for the monetary policy model applied in South Africa over the past decade.
Specifically, the originate-to-distribute business model that had been actively used prior to the crisis will relatively decrease in number and the proportion of commercial banking business that put more emphasis on the relationship with customers is likely to increase: that is called “back to basics.” Moreover, as business regulations such as the Volcker Rule will be implemented and regulation and supervision will be reviewed in order to restrain “too-big-tofail,” it is likely that the moves toward mere scale expansion and toward excessive risk-taking will be restrained.