Continued targeted support to replace lost incomes will be an important factor in determining the strength of the recovery. Apart from the course of the virus itself, the most significant downside risk to my outlook would be the failure of additional fiscal support to materialize. Too little support would lead to a slower and weaker recovery.
*  *  *  Members of the press, other guests and colleagues On behalf of the South African Reserve Bank, I would like to welcome you to the release of the March 2011 edition of the Financial Stability Review; the fifteenth publication in this series. The Bank knows that it is not the sole custodian of financial-system stability.