The South African financial services regulatory environment is
in flux! It is experiencing significant regulatory change, which is
becoming increasingly burdensome to financial institutions
operating in the South African financial services sector. While the
intentions behind the new wave of regulations may be sound, the
implications to market participants are significant and
challenging.
The source of this burgeoning South African financial services
regulatory landscape is primarily rooted in the recent global
financial crisis. Since the beginning , governments, politicians
and regulators around the world have been calling for additional
and stricter regulatory oversight, and South Africa is no
exception. This has seen the introduction of laws and regulations
that have impacted on the activities of South African financial
institutions and the manner in which they conduct business. While
the need to protect the taxpayer from ever having to bail out the
banks again is
