It had persistent repercussions on inﬂation and was one of the reasons why monetary policy has been struggling so much over the past decade. Sure, safeguarding ﬁnancial stability is, ﬁrst and foremost, a task for macroprudential policy.
Another important area relating to IFRS 9 that has received particular attention is the issue of disclosure and communication with stakeholders such as market analysts. The SARB has engaged with the Johannesburg Stock Exchange on what its expectations are in terms of reporting to the market.