Some of the principles which have assumed more importance involve general business risk in terms of recovery and resolution of the FMI, settlement finality, operational risk, tiered arrangements and disclosure of market data by the TR besides the requirement of the central bank and other regulators to exercise effective oversight over the FMIs in relation to these principles.
Gill Marcus: The implications of the crisis for monetary policy Address by Ms Gill Marcus, Governor of the South African Reserve Bank, at the Bureau for Economic Research Annual Conference, Sandton, 6 June 2013. *  *  *  Ladies and Gentlemen, thank you for inviting me to be part of this important conference.