There is the complex multi-location JST relationship to manage with an even greater emphasis on analysis, “constrained judgment”, quantitative assessments (including of risk and control frameworks) and, a particularly large change for the Central Bank, a move to formalised end-to-end on-site inspections.
Firstly, the deposit insurance scheme would be housed in a separate legal entity established as a subsidiary of the SARB. This organisational structure would ensure adequate independence for the deposit insurance scheme to pursue its objectives, but with the backing of the SARB for good governance and operational support.