Bank prepares for crises

The Reserve Bank was far from complacent about South Africa's financial market stability, its executive general manager of markets, Daniel Mminele, said on Friday. "Far from being complacent ... we are monitoring the situation closely," he said. He said the bank was this week hosting, in partnership with the World Bank, a regional crisis preparedness simulation test for the Southern African Development Community. - I-Net Bridge

The Reserve Bank was far from complacent about South Africa's financial market stability, its executive general manager of markets, Daniel Mminele, said on Friday. "Far from being complacent ... we are monitoring the situation closely," he said. He said the bank was this week hosting, in partnership with the World Bank, a regional crisis preparedness simulation test for the Southern African Development Community. - I-Net Bridge

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