Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 2 : Financial StabilityPart 1 : Powers and functions of Reserve Bank11. Responsibility for financial stability |
| (1) | The Reserve Bank is responsible— |
| (a) | for protecting and enhancing financial stability; and |
| (b) | if a systemic event has occurred or is imminent, for restoring or maintaining financial stability. |
| (2) | When fulfilling its responsibility in terms of subsection (1), the Reserve Bank— |
| (b) | may utilise any power vested in it as the Republic’s central bank or conferred on it in terms of this Act or any other legislation; and |
| (c) | must have regard to, amongst other matters, the roles and functions of other organs of state exercising powers that affect aspects of the economy. |