We will continue to work toward creating a sound market infrastructure, enhancing transparency and market discipline mechanisms, promoting greater investor protection, and supporting the passage of key legislative measures. As supervisor of the banking system, the BSP is also deeply committed to ensure there is adequate consumer protection when it comes to banking and other related financial services.
Furthermore, in an effort to promote and improve transparency around reserves management, in 2016 the South African Reserve Bank began publishing the Official Gold and Foreign Exchange Reserves Management Investment Policy on the Bank’s website. These governance structures are vital to ensure that the Investment Policy, through the SAA in this instance, is implemented effectively and lends credibility to the SAA process itself.