In the present volatile world financial markets, the smaller economies with emerging financial markets, such as South Africa, cannot afford to add this additional burden to the perceived high risk exposures already linked to doing business with them. 3.
The importance of the Y2K problem for financial regulators The main purpose of this Conference is to assist financial regulators of the Southern Africa region to bring themselves and their constituencies, that is the financial institutions in the region, on board in this exercise of preparation for the Year 2000 electronic switch-over.