While such a default could cause losses for banks, lenders and investors, it is unlikely to result in financial instability as most of the exposure to the Group and related parties’ lies with foreign banks. Developments relating to this situation are, nevertheless, closely monitored. Furthermore, since December 2017 we have observed an increase in the volatility of selected equities listed on the JSE Limited.
Some financial associations also set out voluntary codes that they encourage their membership to 5  follow: for example the Bankers Association of Trinidad and Tobago (BATT) has its Code of Banking Practice, while the Association of Trinidad and Tobago Insurance Companies (ATTIC) outlined a Code of Ethics.