Regulators should strive towards smart and effective regulation as opposed to simply issuing more regulations. 2. Innovation and financial markets  Regulators should not inhibit innovation. However, as custodians of financial stability, central banks in particular are tasked with the safety and efficiency of financial systems, and should act appropriately to address any risks that may emerge.
Electronic trading in South African bonds During 2012, the Bond Market Development Committee, under the auspices of the Financial Markets Liaison Group, embarked on an initiative to enhance liquidity in the South African bond market.