Statutes section 11

Section 11

In force date not confirmed

11. (1) Banka ya Resefe e rwala maikarabelo a—

(a) go sireletsa le go oketsa tlhomamo ya ditshelete; le

(b) fa tiragalo ya thulaganyo e diragetse kgotsa e ka diragala, go busetsa le go tshegetsa tlhomamo ya ditshelete.

(2) Fa e diragatsa maikarabelo a yona go ya ka karolotlaleletso (1), Banka ya Resefe

(a) tshwanetse go dira go ya ka letlhomeso la pholisi le go dumalanweng ka lona magareng ga Tona le Mmusisi;

(b) ka diragatsa thata e e neilweng jaaka banka ya bogareng ya Rephaboliki kgotsa eo e abetsweng go ya ka Molao ono kgotsa molawana mongwe le mongwe; le

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Act No. 9 of 2017

Financial Sector Regulation Act, 2017

(c) must have regard to, amongst other matters, the roles and functions of other organs of state exercising powers that affect aspects of the economy.

## Monitoring of risks by Reserve Bank

12. The Reserve Bank must—

(a) monitor and keep under review—

(i) the strengths and weaknesses of the financial system; and

(ii) any risks to financial stability, and the nature and extent of those risks, including risks that systemic events will occur and any other risks contemplated in matters raised by members of the Financial Stability Oversight Committee or reported to the Reserve Bank by a financial sector regulator;

(b) take steps to mitigate risks to financial stability, including advising the financial sector regulators, and any other organ of state, of the steps to take to mitigate those risks; and

(c) regularly assess the observance of principles in the Republic developed by international standard setting bodies for market infrastructures, and report its findings to the financial sector regulators and the Minister, having regard to the circumstances and the context within the Republic.

## Financial stability review

13. (1) The Reserve Bank must, at least every six months, make an assessment of the stability of the financial system, herein referred to as the “financial stability review”.

(2) A financial stability review must set out—

(a) the Reserve Bank’s assessment of financial stability in the period under review;

(b) its identification and assessment of the risks to financial stability in at least the next 12 months;

(c) an overview of steps taken by it and the financial sector regulators to identify and manage risks, weaknesses or disruptions in the financial system during the period under review and that are envisaged to be taken during at least the next 12 months; and

(d) an overview of recommendations made by it and the Financial Stability Oversight Committee during the period under review and progress made in implementing those recommendations.

(3) Information which, if published may materially increase the possibility of a systemic event, only needs to be published in a financial stability review after the risk of a systemic event subsides, or has been addressed.

(4) The Reserve Bank must—

(a) submit a copy of each review to the Minister and the Financial Stability Oversight Committee for information and comment, and allow the Minister or the Financial Stability Oversight Committee at least two weeks to make comments, should they wish to do so;

(b) publish the review, after having taken into account any comments that may have been received in terms of paragraph (a); and

## Part 2

## Managing systemic events and risks in relation to systemic events

## Determination of systemic events

14. (1) The Governor may, after having consulted the Minister, determine that a specified event or circumstance, or a specified combination of events or circumstances, is a systemic event.

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Nmr 9 ya 2017

(c) tshwanetse go tsaya tsia, magareng ga mabaka a mangwe, botsayakarolo le ditiro tsa maphata a mangwe a puso tse di diragatsang dithata tse di amang dintlha tsa ikonomi.

## Go lekolwa ga dikotsi ke Banka ya Resefe