Lesetja Kganyago, governor of the Reserve Bank, says a stress-testing exercise last year showed that banks were adequately capitalised.
In its latest financial stability review, released on Wednesday, the Reserve Bank said the “state of government finances, and the sustainability of government debt in particular, remains a risk to the stability of the domestic financial system and is one of the main potential determinants of further sovereign credit rating downgrades”.
It noted that support for the country’s troubled SOEs added to the pressure on the state’s budget, already weighed down by rising government spending and lower revenue collections, which have put pressure on government debt metrics.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
New shots fired in banking wars | Business | M&G🔒 New banks entering the market with competitive banking fees and interest rates — TymeBank, Bank Zero and Discovery Bank — have sparked a banking war, with consumers reaping the benefits.
Leggi di più »