The deposit insurance scheme under the financial sector regulation Act 9 of 2017

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dc.contributor.advisor Nyaude, Ashley B.
dc.contributor.postgraduate Lepele, Seipati E.
dc.date.accessioned 2024-07-12T12:21:17Z
dc.date.available 2024-07-12T12:21:17Z
dc.date.created 2024-09
dc.date.issued 2023-11-29
dc.description Mini Dissertation (LLM (Mercantile Law in Banking Law))--University of Pretoria, 2023. en_US
dc.description.abstract This study explores the features of South Africa’s recently adopted Explicit Deposit Insurance Scheme (EDIS). EDIS serves as a mechanism designed to enhance financial system stability during bank failures by instilling confidence in depositors regarding the recovery of their insured funds, thereby reducing the likelihood of a bank run. EDIS, initially pioneered by the United States in 1933, has become a global mechanism adopted by various countries. South Africa’s recent transition from implicit deposit insurance, characterised by a lack of rules governing coverage and compensation, to a rules-based EDIS is captured in the Financial Sector Regulation Act 9 of 2017 (as amended). This development aligns the country with international best practices, particularly the International Association of Deposit Insurer’s Core Principles for Effective Deposit Insurance Systems (Core Principles). This study benchmarks South Africa’s EDIS against these Core Principles to assess its alignment with international standards and identify any potential shortcomings. Additionally, the study examines the deposit insurance systems in the United States and Kenya to extract valuable lessons for South Africa, considering the extensive experience of these jurisdictions in managing such systems. en_US
dc.description.availability Unrestricted en_US
dc.description.degree LLM (Mercantile Law in Banking Law) en_US
dc.description.department Mercantile Law en_US
dc.description.faculty Faculty of Laws en_US
dc.identifier.citation * en_US
dc.identifier.doi None en_US
dc.identifier.other S2024 en_US
dc.identifier.uri http://hdl.handle.net/2263/96986
dc.language.iso en en_US
dc.publisher University of Pretoria
dc.rights © 2023 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria.
dc.subject UCTD en_US
dc.subject Bank failure en_US
dc.subject Deposit insurance scheme en_US
dc.subject IADI Core Principles en_US
dc.subject Financial Sector Regulation Act 9 of 2017 en_US
dc.subject Financial stability en_US
dc.subject.other Sustainable Development Goals (SDGs)
dc.subject.other SDG-08: Decent work and economic growth
dc.subject.other Law theses SDG-08
dc.subject.other SDG-16: Peace, justice and strong institutions
dc.subject.other Law theses SDG-16
dc.title The deposit insurance scheme under the financial sector regulation Act 9 of 2017 en_US
dc.type Mini Dissertation en_US


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