But it is APRA that has responsibility for the stability of individual financial institutions and the tools that go along with that. So how does the Bank contribute to financial stability? [2] https://www.rba.gov.au/speeches/2019/sp-ag-2019-03-20.html  1/14  3/20/2019  Property, Debt and Financial Stability | Speeches | RBA  There are a number of things we do.
Over this same period foreign financial institutions were encouraged to conduct business in South Africa by the creation of a level playing field between local and foreign service providers. The regulatory authorities also actively encouraged the development of appropriate clearing, settlement, ownership-transfer and market information systems and insisted on proper intra-market and crossmarket risk management systems, including capital adequacy requirements for market participants.