I am aware that the JSE, as part of the Committee of Stock Exchanges in SADC (CoSSE) is already in conversation with this subcommittee to advance the development of bond markets in the region. 3. Conundrum or catastrophe? As we have witnessed in recent times, even in well-functioning, deep and liquid bond markets, inefficiencies and market failures can still occur.
Hold on to that image of Tāne letting the sunshine in – I’ll get back to it. At the Reserve Bank, we are the kaitiaki of the financial system tasked to maintain and enhance financial stability. Assessing material risks to banks and insurers, and the financial system as an ecosystem, is our core business.