This is part of the motivation for rigorous coordination and cooperation arrangements between the PA and the FSCA envisaged by the Financial Sector Regulation Bill aimed at ensuring that all risks are holistically managed within an overarching financial stability policy framework.
Strengthening conduct in wholesale OTC markets Another initiative has been the development of a code of conduct for South African wholesale over-the-counter (OTC) financial markets in a collaborative effort between regulators and key market participants. I will return to this aspect later.