The emergence of measures to address issues that led to the global banking crisis has a direct impact on commercial banks, and on regulators who are required to refine existing or introduce new regulatory and supervisory measures.
The events in Europe, which revealed that, while there are no doubts about the benefits of monetary unions, under certain circumstances they can put serious constraints on countries, on the other hand may harbour even broader implications. Countries in the SADC region will probably carefully monitor the situation in Europe to reassess the admittance criteria and control measures for a future SADC monetary union.