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More or less regulation - responding to a changing global environment

· Lesetja Kganyago, Governor of the South African Reserve Bank (South Africa)

Summary written by Dark Majestic in its own words · topics: climate, energy and nature, trade, fragmentation and geopolitics, labour markets and jobs, technology, ai and cyber risk

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· Lesetja Kganyago Wiki · South African Reserve Bank WikiMore or less regulation - responding to a changing global environment

ContextKeynote address by Lesetja Kganyago, Governor of the South African Reserve Bank, at Stellenbosch University, Stellenbosch, 25 September 2025.

Why it mattersSouth Africa's governor weighs the global push to loosen bank rules against climate and geopolitical risks, arguing for international cooperation over regulatory divergence.

Problems raised
  1. Geopolitical tensions weaken the capacity to act on shocks.
  2. Climate change creates financial risks.
  3. Regulatory divergence is rising.
Solutions proposed
  1. Follow the FSB climate roadmap: disclosure, data, analysis, tools.
  2. Use AI for risk analysis.
  3. Collaborate internationally to avoid divergence.
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