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Questions and Answers
What is the purpose of prudential regulation?
What is the purpose of prudential regulation?
- To supervise the Prudential Authority
- To focus on risk management and capital adequacy (correct)
- To supervise the Financial Sector Conduct Authority
- To focus on ethics, integrity, and customer protection
Which regulatory entity in South Africa is responsible for supervising the Prudential Authority?
Which regulatory entity in South Africa is responsible for supervising the Prudential Authority?
- The Financial Sector Conduct Authority
- The Financial Intelligence Centre
- The South African Reserve Bank (correct)
- The National Credit Regulator
What is the Financial Sector Regulation Act (2017) aligned with?
What is the Financial Sector Regulation Act (2017) aligned with?
- Market conduct regulation
- Customer protection
- Financial intelligence
- International best practice (correct)
Which regulatory system in South Africa is referred to as the 'Twin Peaks' regulatory system?
Which regulatory system in South Africa is referred to as the 'Twin Peaks' regulatory system?
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What are the two main types of regulation mentioned in the text?
What are the two main types of regulation mentioned in the text?
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