southern Africa boasts an exceptionally sophisticated banking industry.

southern Africa boasts an exceptionally sophisticated banking industry, the pride of Africa. It has bring to maturityed first-world clearing, settlements and default steps whilst derivatives (futures, options and swap markets) are well regulated.

The underhanded behind the country's sustained financial stability is prudential supervision. The except Bank's regulatory framework is onward par with the world's top 10 central banks, and the Supervision Department monitors banks' solvency and make secures full compliance with the Basle Core Principles. In 2002 the capital adequacy ratio of SA banks was 12%

A combination of forward and off-site audit inspections characterises the supervision proces