02183cas a2200289 a 4500 AALejournalIMF022991 230101c9999 xx r poo 0 0eng d 20.00 USD 9798400214653 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. South Africa : Financial Sector Assessment Program-Technical Note on Systemic Risk Oversight and Macroprudential Policy. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (21 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 South Africa has made significant progress in strengthening its macroprudential policy framework and foundations since the 2014 FSAP. Institutional arrangements were overhauled by the 2017 Financial Sector Regulations Act that, among others, introduced the current 'Twin Peaks' structure, provided SARB with a strong financial stability mandate, and sought to foster interagency coordination and collaboration (including via the establishment of the Financial System Council of Regulators. As a result, South Africa has a hybrid macroprudential policy framework that combines a 'strong' decision maker in the SARB Governor, but that is importantly supported by an advisory committee structure, fostering effective cooperation and coordination. Systemic risk monitoring has also been enhanced and some macroprudential policy tools phased-inches Mode of access: Internet International Agreements and Observance imf International Organizations imf Monetary Policy imf South Africa imf IMF Staff Country Reports; Country Report ; No. 2022/186 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1934-7685&volume=2022&issue=186 IMF e-Library