01804cas a2200241 a 4500 AALejournalIMF005447 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451841084 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. South Africa : Financial System Stability Assessment, Including Report on the Observance of Standards and Codes on the following topic; Securities Regulation. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (65 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses the Financial System Stability Assessment for South Africa, and reviews the Report on the Observance of Standards and Codes on Securities Regulation. The assessment reveals that South Africa's sophisticated financial system is fundamentally sound and has so far weathered the global financial market turmoil without major pressures. Banks and insurance companies have enjoyed good profitability, capitalization levels, and reserves. The financial sector regulatory framework is modern and generally effective. Stress tests suggest that capital and reserve cushions at banks and insurance companies are sufficient to absorb large shocks. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2008/349 Full text available on IMF http://elibrary.imf.org/view/journals/002/2008/349/002.2008.issue-349-en.xml IMF e-Library