![]() ![]() Considering the applicable regulation, the paper concluded that South Africa has a developed and well regulated banking system which compares favourably with regulatory environment applied by the developed countries. In reviewing regulation and banking market framework, it was found that the principal legal instrument which seeks to achieve credibility, stability and economic growth, is the Banks Act, No. This paper reviewed the banking regulation and market framework applicable in the South African context. In South Africa, most analysts argued that the financial system was insulated by the prudent regulatory system. Following the global financial crisis of 2007, the manner in which banks conduct their business became the subject of interest to authorities.
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