Reserve Bank labels six SA banks as systemically important
Given their potential systemic effect on SA’s financial system, it is important for the Reserve Bank to monitor their soundness, the Bank says
The SA Reserve Bank has designated six of SA’s largest banks as systemically important financial institutions (Sifis).
The banks — Absa, Standard Bank, FirstRand Bank, Nedbank, Investec and Capitec Bank — were named for the first time in the latest edition of the Reserve Bank’s financial stability review, released on Thursday. ..