The concern for supervisors is that the volume and complexity of new international standards are placing increased demands on limited supervisory resources (particularly in emerging markets). This may affect supervisory effectiveness. Supervisors and the supervised institutions alike demonstrate a high demand for staff most suitable for ensuring regulatory compliance.
It remains a challenge for the  1  regulator, similarly to the rest of the financial sector, to attract and retain adequately skilled human resources in the current environment of increased regulatory and compliance scrutiny, as the South African Reserve Bank – or SARB – competes with commercial banks for the same set of skills and experience to address the regulatory requirements imposed on banks.