The resolution framework, once promulgated into law, will bring South Africa’s resolution framework in line with the Financial Stability Board’s Key Attributes for Effective Resolution Regimes. This framework will also formalise the SARB’s role as the resolution authority, and will outline the responsibilities with respect to the orderly resolution of designated financial institutions.
Today is the time Strengthening the structures around which we have built our vision and upon which we enable the fulfillment of our objectives is the order of the day. I am well aware that the road to accomplishing our operational plans has left not merely a handful of us battered and bruised, hardly getting time to breathe, more so, to regroup or reflect.