A statutory resolution regime for nonbanks, besides reducing uncertainty, would also limit moral hazard by allowing the government to resolve failing firms in a way that is orderly but also wipes out equity holders and haircuts some creditors, analogous to what happens when a commercial bank fails.
Options being considered include the subcontracting of parts of an audit to smaller empowerment firms so that they are able to gain the appropriate experience required to audit banks and financial institutions. The South African Reserve Bank is leading by example in this regard.