The governor said the role of central banks and regulators should 'evolve with financial markets' to ensure they stay relevant in future markets. financialmarkets financialstability
South African Central Bank Governor: Regulators and Policymakers Must Be Involved in Shaping Potential Move to DLT Markets
According to Kganyago, these stakeholders can achieve this objective by “pondering the implications of innovation, promoting responsible innovation for the public good.” In addition, they can also do this by “informing an appropriate policy and regulatory response.”following the launch of the Project Khokha 2 report, Kganyago shared his views concerning the future of central banks in a world that is based on the principles of decentralization.
The governor nonetheless concludes in his address that the role of central banks and regulators should “evolve with financial markets” to ensure they stay relevant in future markets just as they are relevant now.Meanwhile, Kganyago revealed that during the second phase of the project, PK2 had explored the implications of “tokenisation in financial markets through a proof-of-concept that issued, cleared and settled SARB debentures using distributed ledger technology .
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