2 See Jiménez, G., Ongena, S., Peydró, J.-L. and Saurina, J. (2014), “Hazardous Times for Monetary Policy: What  Do Twenty-Three Million Bank Loans Say About the Effects of Monetary Policy on Credit Risk-Taking?”, Econometrica, Vol. 82(2), March, pp. 463–505.
The implementation of a prefunded deposit insurance scheme will bring about closer adherence to the Key Attributes of Effective Resolution Regimes and to the Core Principles of Effective Deposit Insurance Systems issued by the Financial Stability Board and the International Association of Deposit Insurers respectively. South Africa has a well regulated and stable banking sector, but one that is also quite concentrated.