Fourth, the Registrar of Banks needs to be mindful of “boutique” banks that are not fulfilling the definition of the “acceptance of deposits form the general public” and, on the asset side of their balance sheet, are not acting “in the interest of the general public”.
Fifth, as a result of the problems prevalent in the small to mid-sized banking sector during the past decade, and especially towards the latter part of the decade, the South African Reserve Bank adopted a policy framework for dealing with banks in distress.