n South African Journal of Economic History - Prudential regulation, its international background and the performance of the banks
A critical review of the South African environment since 1970

Volume 24, Issue 2
  • ISSN : 2078-0389
  • E-ISSN: 2078-0397
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The international financial crisis that emerged in 2007 and hit with full force in 2008 had its roots in the banking sector and specifically in the management of risks associated with securitised mortgages. While there were many causes for the crisis, the failure of prudential regulation is amongst the most important, and the severity of the subsequent crisis has underlined the role of prudential regulation in a modern financial system.

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