BIS central bankers’ speeches  3  appropriate we have indicated our concerns around the uneven implementation of Basel III across different jurisdictions. 4.
Regulatory architecture reform  Even though South Africa’s financial system weathered the storm of the financial crisis relatively well and is generally commented upon favourably, and has received positive ratings in various surveys, South African authorities felt that there should be no room for complacency, and embarked on a wide-ranging set of reforms to make the financial sector better and safer.