By also being the regulator of these markets, the Reserve Bank is in a position to exercise oversight of institutions, markets and products, to monitor market developments, sense impending developments, take advance action, prevent excessive volatility and maintain financial stability at the systemic level.
Ladies and gentlemen Some of you may be wondering why I am opening the 15th East AFRITAC Steering Committee meeting this evening instead of tomorrow, 9th April 2013 as had been indicated in the programme.