· Lesetja Kganyago Wiki · South African Reserve Bank WikiMarket conduct and financial stability
Read full speech on bis.org ↗ContextKeynote address by Lesetja Kganyago, Governor of the South African Reserve Bank, at the Financial Sector Conduct Authority Industry-wide Conference 2024, Johannesburg, 13 March 2024.
Why it mattersKganyago explains how the twin peaks model links market conduct to stability.
Problems raised
- Market misconduct can threaten stability.
- Risks can spread like fire.
- Regulation must link conduct and stability.
Solutions proposed
- Apply the Twin Peaks model.
- Reduce risky material and detect early.
- Have tools ready to fight crises.