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BANKING: Finance Minister moves to place Habib Overseas Bank under curatorship – prompted by greylisting?

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Habib Overseas Bank, one of the smaller South African banks that opened its doors in 1990, was placed under curatorship on Sunday night by the Minister of Finance. This followed a recommendation from the Prudential Authority based on governance, ...

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Finance minister places Habib Overseas Bank into curatorship to protect depositors | BusinessMinister of Finance Enoch Godongwana has placed Habib Overseas Bank under curatorship with immediate effect to deal with 'governance, compliance and operational failures' and protect the bank's depositors. | News24_Business _Business Is this the domain of the finance minister or the role of the reserve bank? Can someone with knowledge of these matters enlighten us all?
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