南非：中央银行透明度准则审查

CENTRALBANKTRANSPARENCYCODEREVIEW This paper on South Africa was prepared by a staff team of the International MonetaryFund. It is based on the information available at the time of the mission and it wascompleted on November 14, 2024. Copies of this report are available to the public from International Monetary Fund•Publication ServicesPO Box 92780•Washington, D.C. 20090Telephone: (202) 623-7430•Fax: (202) 623-7201E-mail:publications@imf.orgWeb:http://www.imf.orgPrice: $18.00 per printed copy InternationalMonetaryFundWashington, D.C. SOUTH AFRICA CENTRAL BANK TRANSPARENCY CODE REVIEW DETAILED REVIEW REPORT This report was prepared based on the work of a hybridIMF mission to South Africa in March-May 2024. The IMFteam for the Central Bank Transparency Code (CBT) Reviewmission was led by Dmytro Solohub (MCM) and comprisedMowele Mohlala, Deputy Mission Chief (FIN); and EliasKazarian, Bernard J. Laurens, Jay Purcell, Lawrence L.Schembri and Chia Yi Tan (IMF External Experts); andoverseen by the Monetary and Capital MarketsDepartment, IMF.1 Prepared ByMonetary and CapitalMarkets Department The production assistance was provided by JulieVaselopulos. The team extends its warm appreciation to the Board,senior management, and staff of the South Africa ReserveBank, who provided excellent cooperation, and to outsidestakeholders and interested public for their valuable viewsand insights. CONTENTS Glossary___________________________________________________________________________________________ 3 EXECUTIVE SUMMARY __________________________________________________________________________5 SCOPE AND OBJECTIVE _______________________________________________________________________ 11 APPROACH AND METHODOLOGY____________________________________________________________ 11 BACKGROUND_________________________________________________________________________________ 12 A.Pillar I. Transparency in Governance___________________________________________________________18B.Pillars II, III, and IV. Transparency in Policies, Operations, and Outcome _______________________24C.Pillar V. Transparency in Official Relations _____________________________________________________30 AUTHORITIES’ RESPONSE TO DETAILED REVIEW REPORT __________________________________ 32 BOXES 1. Engaging the Public and Investing into the Society____________________________________________152. Fintech Activity ________________________________________________________________________________163. Gold and Foreign Exchange Contingency Reserve Account____________________________________194. New Monetary Policy Implementation Framework ____________________________________________25 TABLE 1. Central Bank Transparency Overview for South African Reserve Bank __________________________ 7 ANNEXES I. South African Reserve Bank: Central Bank Transparency Code—Detailed Review ______________38II. List of SARB Units and External Stakeholders ________________________________________________ 120 Glossary AACBAssociation of African Central BanksABLAfrican Bank LimitedADAuthorized DealerADLAAuthorized Dealer inForeign Exchange with Limited AuthorityAML/CFTAnti-Money Laundering and Combating the Financing of TerrorismASDADLA Supervision Division (of FinSurv)BACBoard Audit CommitteeBCMBusiness Continuity ManagementBISBank ofInternational SettlementsBRECBoard Risk and Ethics CommitteeCAFCombined Assurance ForumCBDCCentral Bank Digital CurrencyCBTCentral Bank Transparency CodeCCyBCountercyclical Capital BufferCEDCompliance and Enforcement Division (ofFinSurv)CMDCompliance Management Division (of the RMCD)CODICorporation for Deposit InsuranceCPDCorporation for Public DepositsCSSTCommon Scenario Stress TestCTRCash Threshold ReportDLTDigital Ledger TechnologyEESEmployeeEngagement SurveyELAEmergency Liquidity AssistanceERTEconomic Round TableFAQFrequently Asked QuestionsFATFFinancial Action Task ForceFCIFinancial Conditions IndexFCSDFinancial Conglomerate Supervision Department (of the PA)FICFinancial Intelligence CentreFinSurvFinancial Surveillance DepartmentFMLGFinancial Markets Liaison GroupFSAPFinancial Sector Assessment ProgramFSBFinancial Stability BoardFSCFinancial Stability CommitteeFSCAFinancial Sector ConductAuthorityFSCFFinancial Sector Contingency ForumFSDFinancial Stability DepartmentFSFFinancial Stability ForumFSIFinancial Stability IndicatorsFSOCFinancial Stability Oversight CommitteeFSRFinancial Stability ReviewFSR ActFinancial Stability Regulation ActFTEFull-Time Equivalent FXForeign ExchangeGECGovernors’ Executive CommitteeGFECRAGold and Foreign Exchange Contingency Reserve AccountIADInternal Audit DepartmentICSSTInsurance Common Scenario Stress TestIFRSInternational Financial Reporting StandardsIFWGIntergovernmental Fintech Working GroupIIAInstitute of Internal AuditorsIMFInternational Monetary FundLOLRLender of Last ResortLSDLegal Services DepartmentML/TFMoney Laundering and Terrorist FinancingMOUMemorandum of UnderstandingMPCMonetary Policy C