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- Description:
- The failure of banks has financial, economic, social and political implications. Banks serve as deposit holders and financial intermediaries. As deposit holders they are the custodians of savings and via the market for capital, transfer the savings into investment or consumption. The particular role which banks play in the modern economy is significant and accordingly they are subjected to an extensive regulatory framework to ensure that they can continue to play the role for which they have been designed and to maintain confidence in the monetary andfinancial system. Despite these regulations (some would argue, because of these regulations) banks still become insolvent or fail to meet the conditions for maintenance or renewal of their licences. The final arbiter of this decision is usually the central bank. In the Republic of South Africa (RSA), it has been suggested that the central bank - Reserve Bank of South Africa (RB) - has been unduly political in determining the manner in which it has applied banking regulation and conducted its role as lender of last resort. This paper contributes to this debate by discussing the manner in which the RB has performed its role and ways in which bank supervision in South Africa can be improved.
- Date Issued:
- 1998-12-01T00:00:00Z
- Data Provider:
- Michigan State University. Libraries
- Collection:
- African Journal of Political Science
- Description:
- The paper examines two models in conflict management and prevention: multinational regional forces represented by the ECOMOG, and private security firms represented by the Executive Outcomes. It argues, on the one hand, that the ECOMOG experience proves that greater political acceptance, knowledge of the conflict, etc., are not automatic advantages for a regional multinational force. On the other hand, the Executive Outcomes' professionalism and quick successes contrast sharply with ECOMOG's prolongation of the Liberian conflict: EO could provide stability in Angola and Sierra Leone by swiftly repulsing two threatening insurgencies. The paper concludes that the proliferation of private security firms is a reflection of the endemic instability on the African continent; an indication that they provide a service which most African national armies and multinational forces are unable to provide: and that this trend might continue until Africa gains the resources and the political will to cope with its internal conflicts.
- Date Issued:
- 1998-06-01T00:00:00Z
- Data Provider:
- Michigan State University. Libraries
- Collection:
- African Journal of Political Science