FSCA newsletter
issue 5
the transformation
The 1st of April 2018 saw a new dawn for the FSCA. The rebranding of the organisation was not an isolated event, but a pivotal part of a seven-year journey that has brought the FSCA to this point of new beginnings. How we plan to chart the way forward is contained in the regulatory strategy
(https://www.fsca.co.za/Documents/FSCA_Strategy
_2018.pdf), a watershed document for our...
building
a new
organisation
Two thousand and eighteen (2018) saw the implementation of the Twin Peaks model with the transformation of the Financial Services Board (FSB) to the Financial Services Conduct Authority (FSCA), a dedicated market conduct regulator. This was a significant milestone for the financial services sector in ensuring that South Africans have increased access to information, education, services and ...
transformation:
necessary but
not instant
Given the crucial role that the financial sector plays in the country’s economy and in economic growth, transformation within the sector is not just a topical subject, it is one that requires a more deliberate, and concerted effort if the sector is to achieve the transformation targets envisaged in the Financial Sector Codes.
Financial sector transformation became a prominent point of discussion in 2017 during the finalisation of the now...
a financial
sector for all
south africans
Financial Technology (FINTECH) is undoubtedly changing the face of the financial industry and offers broadened accessibility to the financial sector for customers. It also has created new product distribution channels. Although some analysts argue that technological advancement in the financial industry is likely to lead to job losses, the opportunities that FinTech offers customers and emerging businesses in the financial sector are worth exploring.
