Banking

Benchmark reform: Financial services industry and clients need to prepare now

With an overhaul of widely used interest rate benchmarks on the horizon, financial services firms and their clients need to assess what impact this will have on their businesses and take proactive measures to prepare for the transition.

Covid-19 stress testing indicates resilience of largest SA banks

Financial stress testing indicates that the largest South African banks are expected to remain resilient through the current period affected by the Covid-19 outbreak, even under severe stress scenarios.

The role of the Banking Ombudsman’s office is more relevant now than it has ever been

The impact of COVID-19, and the financial crisis that is bound to follow in its wake, will have a lasting impact on society and business as a whole. It will be a time of great financial stress and a time where the services of bodies such as the Ombudsman for Banking Services (OBS) will be needed now more than ever.

Discovery Bank committed to easing the financial strain on clients