01926cas a2200241 a 4500 AALejournalIMF015067 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484309773 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. South Africa : Financial Sector Assessment Program-Detailed Assessment of Compliance on the Basel Core Principles for Effective Banking Supervision. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (196 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 key findings of the Detailed Assessment of Compliance on the Basel Core Principles for Effective Banking Supervision in South Africa. The South African banking system is highly concentrated with more than 90 percent of banking assets being controlled by the five largest banks. A suitable legal framework for banking supervision is in place to provide each responsible authority with the necessary legal powers to authorize banks, conduct ongoing supervision, address compliance with laws, and undertake timely corrective actions to address safety and soundness concerns. The responsibilities and objectives of each of the authorities involved in banking supervision are clearly defined in legislation and publicly disclosed. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2015/055 Full text available on IMF http://elibrary.imf.org/view/journals/002/2015/055/002.2015.issue-055-en.xml IMF e-Library