The FSRB also provides for a Twin Peaks approach to financial sector regulation, which, when enacted, will expand the SARB’s scope of prudential regulation beyond banks, to include insurers and financial market infrastructures, resulting in the establishment of the “Financial Sector Conduct Authority” focusing on the conduct of financial institutions towards their clients.
BIS central bankers’ speeches  1  Although it is still too early to draw any definitive conclusions about the effects of Brexit on the economy, our current forecasts are incidentally offering an encouraging picture. The impact seems to be smaller than many had feared. But it is in everyone’s interest to pass through this phase of political uncertainty as soon as possible.