The South African derivatives market is facing a game-changing
industry shake-up that looks set to fundamentally change its
operational structure
Key points:
The unrelenting waves of regulatory reforms that have followed
in the wake of the 2008-09 crises are creating tectonic shifts
across the derivatives landscape. The South African derivatives
market is far from immune.
Among the swath of regulations are Basel III and Solvency
Assessment and Management Framework, while – as a member of
the G20 – South Africa will also start to address OTC
derivatives reform through the framework of the Financial Markets
Act. At the intersection of these regulatory reforms are the desire
for greater transparency and more secure derivatives trading, to
buffer and safeguard financial markets against another
meltdown.
