The impact of the recession in Europe, for example, has been felt particularly hard in the motor vehicle export sector. However the decline in exports to Europe in 2012 was more than compensated for by a 19 per cent increase in vehicle exports to Africa in that year. The focus of South Africa’s regional interactions has not only been on the trade side.
This could lead to significant efficiency goals because – instead of sharing shiny PowerPoint presentations – we could share the functionality that allows us to replicate each other's analyses with our own data. Now, this conference aims to explore how new techniques can help financial authorities – that is, both supervisors and central bankers – to improve and to learn.