5 Questions
What is the purpose of prudential regulation?
To focus on risk management and capital adequacy
Which regulatory entity in South Africa is responsible for supervising the Prudential Authority?
The South African Reserve Bank
What is the Financial Sector Regulation Act (2017) aligned with?
International best practice
Which regulatory system in South Africa is referred to as the 'Twin Peaks' regulatory system?
The Financial Sector Regulation Act (2017)
What are the two main types of regulation mentioned in the text?
Prudential regulation and market conduct regulation
Test your knowledge on the fundamental concepts of risk management in financial services with this quiz. Learn about regulation and supervision in the industry and enhance your understanding of risk management practices.
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