With respect to solvency, the banks were assessed to be capable of maintaining their capital levels above the minimum capital adequacy requirements, under the adverse macroeconomic scenarios considered. The SARB also discovered that no material risks were emanating from the liquidity positions of the six major South African banks. The SARB regularly conducts an assessment of the prevailing financial stability risks.
As banks experiment, I invite them to engage with their regulators early and often to discuss the benefits and risks of new use cases, ensuring they are consistent with banking activities conducted in a safe, sound, and legally permissible manner.