South Africa Plans Tighter Rules for Its Sprawling Repo Market

South Africa’s financial regulator is planning to set maximum limits on the assets used for securities trading as it seeks a unified approach to oversight of a multi-billion dollar market.

Financial Sector Conduct Authority Commissioner Unathi Kamlana told Bloomberg the new draft standard “is pitched at a sufficiently high level to deal with all of the main risks around governance, risk management, reporting,” in line with international best practice.