n SA Mercantile Law Journal = SA Tydskrif vir Handelsreg - Safeguarding the Crown Jewels : immunities of foreign central banks and the South African Reserve Bank in South Africa

Volume 21, Issue 2
  • ISSN : 1015-0099
  • E-ISSN: 1996-2185



In modern times, the architecture of financial institutions has undergone significant changes. Functional divisions between kinds of intermediaries have become blurred, and financial intermediation has increasingly become global in operation. Central banks, once the captives of political authorities in many countries, have gained significant independence and in modern times operate as centres of autonomy in the management of the domestic financial systems of their respective countries.

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