The South African derivatives market is facing a game-changing
industry shake-up that looks set to fundamentally change its
operational structure. Firms have to access the strategic and
operational impacts of the various regulatory proposals.
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.
The swath of regulations include Basel III and Solvency II,
while – as a member of the G20 – South Africa will also
start to address OTC derivatives reform through the framework of
the Financial Markets Bill. At the intersection of these regulatory
reforms is the desire for greater transparency and more secure
derivatives trading, to buffer and safeguard financial markets
against another meltdown.
