Banking system highly concentrated, but that is how the Bank likes it
22 March 2017 - 10:41
SA’s banking system was highly concentrated but the Reserve Bank was in favour of this as it provided financial stability, Registrar of Banks and Deputy Reserve Bank governor Kuben Naidoo said Wednesday. The Reserve Bank took steps to mitigate the risks of this concentration especially the potential adverse effects on competition, he said. Naidoo made a presentation during public hearings by Parliament’s finance and trade and industry committees on the transformation of the financial services sector.
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