04905oam 22012734 450 991078735420332120230803212640.01-4983-2719-21-4755-4036-1(CKB)3710000000349757(SSID)ssj0001440037(PQKBManifestationID)11900703(PQKBTitleCode)TC0001440037(PQKBWorkID)11384877(PQKB)11422949(MiAaPQ)EBC1929331(Au-PeEL)EBL1929331(CaPaEBR)ebr11012104(CaONFJC)MIL732262(OCoLC)903974831(IMF)1ZAFEA2014003(EXLCZ)99371000000034975720020129d2014 uf 0engurcnu||||||||txtccrSouth Africa : Financial System Stability AssessmentWashington, D.C. :International Monetary Fund,2014.1 online resource (105 pages) illustrations (chiefly color)IMF Staff Country ReportsBibliographic Level Mode of Issuance: Monograph1-4843-7200-X 1-336-00980-2 This paper discusses findings of the Financial System Stability Assessment for South Africa. South Africa’s financial sector operates in a challenging economic environment. Despite remarkable progress since the end of apartheid in 1994, South Africa still has one of the world’s highest unemployment and income inequality rates. Slow economic growth since 2008 has further aggravated unemployment, real disposable income is stagnant, and households are heavily indebted. Relatively high capital buffers as well as sound regulation and supervision have helped mitigate the risks. Stress tests confirm the capital resiliency of banks and insurance companies to severe shocks but illustrate a vulnerability to liquidity shortfalls.IMF Staff Country Reports; Country Report ;No. 2014/340Monetary policySouth AfricaFinanceSouth AfricaFiscal policySouth AfricaRisk managementSouth AfricaBanks and BankingimfFinance: GeneralimfIndustries: Financial ServicesimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfFinancial Institutions and Services: Government Policy and RegulationimfPension FundsimfNon-bank Financial InstitutionsimfFinancial InstrumentsimfInstitutional InvestorsimfFinancial Institutions and Services: GeneralimfBankingimfFinanceimfFinancial services law & regulationimfInsurance companiesimfFinancial sectorimfStress testingimfLiquidity requirementsimfFinancial institutionsimfFinancial servicesimfNonbank financial institutionsimfFinancial sector policy and analysisimfEconomic sectorsimfBanks and bankingimfFinancial services industryimfFinancial risk managementimfState supervisionimfSouth AfricaimfMonetary policyFinanceFiscal policyRisk managementBanks and BankingFinance: GeneralIndustries: Financial ServicesBanksDepository InstitutionsMicro Finance InstitutionsMortgagesFinancial Institutions and Services: Government Policy and RegulationPension FundsNon-bank Financial InstitutionsFinancial InstrumentsInstitutional InvestorsFinancial Institutions and Services: GeneralBankingFinanceFinancial services law & regulationInsurance companiesFinancial sectorStress testingLiquidity requirementsFinancial institutionsFinancial servicesNonbank financial institutionsFinancial sector policy and analysisEconomic sectorsBanks and bankingFinancial services industryFinancial risk managementState supervisionDcWaIMFBOOK9910787354203321South Africa172791UNINA