Question: The correct answer is: a. The FSB was the regulator for the non-banking financial sector, while the FSCA regulates all institutions. The Financial Sector Conduct

The correct answer is: a. The FSB was the regulator for the non-banking financial sector, while the FSCA regulates all institutions. The Financial Sector Conduct Authority (FSCA) replaced the Financial Services Board (FSB) as part of South Africa's transition to the Twin Peaks model of financial regulation. The FSCA focuses on market conduct across all financial institutions, while the other "peak," the Prudential Authority (PA), is responsible for the prudential regulation of financial institutions, including banks

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Law Questions!

Jarmuz Management Services began business on January 1, 2014, with a capital investment of $120,000. The company manages condominiums for owners (Service Revenue) and rents space in its own office...

One of the key differences between the FSCA and the FSB is: Question 1 Select one: a . The FSB was the regulator for the non - banking financial sector, while the FSCA regulates all institutions b ....

I need a tutor help answer this question. Read the article ?Who Regulates Whom and How?? in the module resources and answer the following prompts in your initial post: Identify three policy problems...

Hi, can you help me with this question? I attached the file and other people's assignment. I hope these two can help you finish my assignment. Read the article ?Who Regulates Whom and How?? in the...

The changes to the Material Outsourcing regime The Prudential Authority ( PA ) and the Financial Sector Conduct Authority ( FSCA ) have issued Joint Standard 1 of 2 0 2 4 ( " the joint standard" )...

Need some help and guidance Answer the following questionsbased on the attached news articles on CBA: Australian Financial Review, 29 August2017,APRA proberisks CBA rating on CBA,Australiawww.afr.com...

Read the case study below and answer ALL the questions that follow. PIC FIRES INVESTMENT MANAGER IMPLICATED IN AYO DEAL The Public Investment Corporation has dismissed a portfolio manager involved in...

please read the attached case as answer the 5 questions at the end based on the case. The Hermitage Fund, formed in 1996, was an investment fund focused on investing in Russian equity securities. By...

JLC company is a manufacturer of shoes and aims to be competent in their production of quality local shoes. The costs involved in producing these shoes is to be classified with relation to volume and...

Write a program that takes as input a number of kilometers and prints the corresponding number of nautical miles. Use the following approximations: A kilometer represents 1/10,000 of the distance...

Under the rule in Reed v . King ( which is contrary to later - developed statutes in some states, including MA ) , a seller must: Option A Disclose whether prior residents had certain stigmatized...

2. The force of interest 8 is a function of time and at any time t, measured in years, is given by the formula: 8(t) = 0.02 +0.0020 8(t) = 0.03 +0.005t Osts5 5 st s 10 a) Calculate the discount...