Invitation to submit public comments on Deputy Commissioner candidates

The FSCA Shortlisting Panel invites the public to submit comments, if any, on two candidates it intends to recommend to the Minister of Finance (Minister) for consideration for appointment to the positions of Deputy Commissioners of the FSCA. The Shortlisting Panel intends recommending Ms Farzana Badat and Ms Katherine Gibson.

Katherine Gibson is committed to public service. An economist from Durban with extensive experience in public policy, she is currently part of the Transitional Management Committee of the Financial Sector Conduct Authority. With a background in trade and competition policy, Katherine worked with National Treasury in the area of financial sector policy for more than a decade. Recognising that a fair and inclusive financial sector is the engine of inclusive economic growth and development, she has been instrumental in developing the conduct “peak” of South Africa’s twin peaks framework. Katherine has been with the FSCA since its establishment in April 2018, to support implementation of the twin peaks system, with a keen interest in delivering the National Treasury vision best articulated in its 2011 policy document: “A Safer Financial Sector to Serve South Africa Better.”

Farzana Badat has 15 years of leadership, management and policy experience with direct exposure to financial sector regulation and financial consumer protection issues, spanning across various organisations including the International Association of Insurance Supervisors (IAIS), Financial Sector Conduct Authority (FSCA), former Financial Services Board (FSB), and several financial institutions.

She is currently a Senior Policy Advisor at the IAIS responsible for conduct risk, financial technology and digital transformation. In this role she is also involved in global financial sector coordination efforts with, among others, the Bank for International Settlements (BIS), Financial Stability Board (FSB), Financial Stability Institute (FSI), Organisation for Economic Co-operation and Development (OECD), and Islamic Financial Services Board.




  Find us on