4  BIS central bankers’ speeches  and the regulation against the “too big to fail” problem effectively encourage banks to reach an optimal size relative to the European market – that is, large enough to operate across borders and diversify risks, but small enough to be resolved with the resources of the Single Resolution Fund.
Since then, the exchange rate appreciated again to fluctuate around the R6.00 = $ level for the last few days. At this level, the rand, measured against a basket of currencies, is still about 18 per cent down from where it was at the beginning of this year.