Iedp 2010 Action Learning Project Regional Integration of Financial Systems



Yüklə 183,52 Kb.
səhifə7/7
tarix17.08.2018
ölçüsü183,52 Kb.
#71687
1   2   3   4   5   6   7

Bibliography


African Development Bank. (1999). Economic integration in Southern Africa. Tunisia: African Development Bank.

Akukwe, c. (2002, March 7). The Perspective. Retrieved July 7, 2010, from Africa & Regional integration moving forward: http://www.theperspective.org/movingforward.html

Bank of International Settlement. (2008). Convergence in the SADC and African economic integration process: prospects and statistical issues.

Banque-France. (2006). Situation of the EU countries upone joining the Euro Area.



COMESA Programmes. (2009). Retrieved July 30, 2010, from COMESA Customes Union: http://programmes.comesa.int/index.php?option=com_content&view=article&id=119&Itemid=73&lang=en

EU business. (2010, April 12). Euro zone will not allow any member to default. Retrieved June 20, 2010, from EU buiness: http://www.eubusiness.com/news-eu/finance-economu.43z

European Central Bank. (2004, April). Measuring financial integration in the Euro area Occasional Paper Series 14. Retrieved June 15, 2010, from European Central Bank: http://www.ecb.int/pub/pdf/scpops/ecbocp14.pdf

European Central Bank. (2004, April). Occasional Paper Series 14. Retrieved June 15, 2010, from European Central Bank: http://www.ecb.int/pub/pdf/scpops/ecbocp14.pdf

Fouroutan, F. (1993). Regional integration in Sub-Saharan Africa: past experience and future prospects. Cambridge University Press.

IMF. (2008). Regional Economic Outlook: Sub-Saharan Africa. Washington, D.C.: IMF.

IMF. (2009). The Southern Afican Development Community's Macroeconomic Convergence Program: initial performance. Washington, D.C.: African Department.

Kühnhardt, L. (2008). African Regional Integration and the Role of the European. Germany: Center for European Integration Studies.

Lunogelo, B., & Mbilinyi, A. (2009). Convergence of COMESA-SADC-EAC regional frameworks. Tanzania: Economic and Social Research Foundation.

Maruping, M. (2005). African in the world economy - The national, regional and international challenges, Chapter 11. The Hague: Fondad.

Mboweni, T. (2002, October). Central Bank Articles and Speeches. South Africa's integration into the global economy .

Mitchell, D. (2010). SADC Integration Project Feedback to commercial banks. Centurion: SADC.

Nokaneng, S. (2009). The concept of economic integration with specific reference to financial integration in Southern Africa. University of Pretoria.

Nuti, M. (2010, March 9). Three cheers to democracy. Retrieved June 20, 2010, from Transition: http://dmarionuti.blogspot.com/2010/03/iceland-three-cheers-for-democaracy.html

Pressly, D. (2009, April 14). SADC central banks work towards single payment system. Retrieved July 10, 2010, from Business Report: http://www.busrep.co.za/index.php?fSectionId=566&fArticleId=4933426

SADC. (2006). Finance and Investment Protocol. Botswana: SADC.

SADC. (1999). Regional Indicative Strategic Development Plan. Botswana: SADC.

SADC. (2010). Review of Macroeconomic Convergence Performance for 2009. Botswana: SADC.

SADC. (2009). Review of the SADC Macroeconomic Convergence Programme for 2008. Botswana: SADC.

SADC. (2009). Update on the Impact of the Global Economic Crisis on SADC. Botswana: SADC.

Wakeman-Linn, J. &. (2008). Regional Financial Integration: It’s Potential Contribution to Financial Sector Growth and Development in Sub-Saharan Africa. Tunisia: IMF.

Word Bank. (2007). Convergence Financial Sector intergration in two regions: How creating scale in Financial markets can support growth and development. Washington D.C.: Word Bank.



Zyuulu, I. (2008). Convergence in the SADC and African Economic integration process: prospects and statistical issues. Switzerland: Bank of International Settlement.

ANNEXURE 1
THE PESTEL MODEL GUIDING QUESTIONS
POLITICAL QUESTIONS


  1. What are the envisaged political and economical policy changes in SA as a result of SADC financial system integration? How could this impact the banking sector in South Africa?




  1. Is there a political willingness to integrate?




  1. What are the dynamics (positive and negative) within the SADC region that could impact the financial integration?




  1. What factors could lead to an exclusion of some of the SADC states? Including voluntary exclusion.




  1. Sovereign monetary policy vs. Domestic momentary policy, what is the impact? Will this work for SADC.




  1. How would SADC financial system integration impact on the existing trade embargos and treaties that SADC countries have entered into with other states? What could be considered as the critical success factors and prerequisites for the SADC integration from the political perspective? Other than the ones that SADC has already defined.




  1. What are countries that are most likely to meet the pre-requisite set by SADC towards financial integration?




  1. Given the current dynamics within SADC, is financial system integration a viable move for the region?




  1. Do you think South African banks have any reasons to worry about the envisaged SADC financial integration?


ECONOMIC QUESTIONS

  1. Based on the current economic growth levels in the SADC region and within individual SADC states, is financial system integration an appropriate strategy for the region? Would it lead to economic growth and development for the region and countries within the region or could it destroy values for some of the countries?




  1. What could be the envisaged political and economic policy changes in SA as a result of SADC financial system integration? How could this impact the banking sector in South Africa?




  1. Could the financial system integration call for the alignment of both the political and economic policies in the SADC states? What could be challenges or benefits towards this alignment?




  1. How will the relaxation in exchange controls amongst SADC countries impact the South African banking sector? Positive and Negative?




  1. SADC plan is to have a single currency by 2018, in your view is this achievable given that the pre-requisites could quite be a challenge for some of the SADC countries? Which countries will more likely not qualify? What could be the implications?




  1. Could there be an envisaged impact on the SA Banks’ rating as a result of the integration?




  1. Could there be an impact on the banks’ market capitalisation and asset value as a result of the integration?




  1. The SADC integration would be a costly exercise for banks? Is there a plan to engage the shareholders, particularly ICBC?




  1. Could SADC financial integration affect the bank’s global positioning & competitiveness? If yes, how?

  2. Some of the countries in SADC have a currency that is not tradable internationally, would this be a factor?




  1. The impact to the banking sector as a result of the devalued rand? Dilution of the asset base as a result of the single currency. How will the international partners respond, Barclays for ABSA? ICBC for Standard Bank?



  1. How will the big 4 banks respond to the changes on transaction clearing as there would be more clearing house to choose from?



  1. What would be the impact as a result of an increased inflation rate, which could have impact on the repo and lending rates.



  1. Who will carry the currency risk?



  1. Can banks handle/absorb the impact, comply and qualify and defined times?



  1. Is EMV part of the requirement for the integration?



  1. How involved are the banks in the SADC financial integration planning and process.



  1. How would the SADC financial integration impact on the grading of the South African banks? And possible impact on the share prices? How could the impact be minimised?

SOCIAL QUESTIONS


  1. What would be the impact on the bank due to free movement of labour in the SADC region? Do you foresee any impact on retaining skills and knowledge?




  1. Given the potential clients can now be citizens of any SADC country, who owns the customer? What will be the impact of bank location being remote from physical customer location?




  1. What will be the impact on current customers?

  2. Given the multiplicity of languages across the SADC region, what communication policy will be adapted to target new clients in the region?




  1. What will the impact of SADC integration on Social responsibility for banks? Investing local or global?


TECHNOLOGICAL QUESTIONS


  1. Single payment system, similar to that of Europe (SEPA) or are we looking a totally different model.




  1. Information security, fraud cases and forensics. Who takes ownership, responsibility?




  1. Infrastructure – readiness of level. Who determines the standard?




  1. How is the cost determined to invest in the technology?




  1. How do we get to a decision on where this would reside, country?




  1. Clearing houses. Sufficient to cater for an integrated system. Do we need country specific?

ENVIRONMENTAL (business)


  1. How will the SADC financial integration impact the business environment for SA banks?




  1. What Expansion opportunities will the SADC financial integration bring?




  1. What opportunities does the bank see in regional and domestic competitiveness? Will the bank launch an aggressive new business acquisition strategy?




  1. Are the any other banks (apart from SA banks) in the SADC region which is considered as competition?




  1. Will Banks compromise on fees – loss of cross boarder revenue



LEGAL / REGULATORY


  1. Will this impact on policies? Fiscal, Capital requirements, Consumer laws, compliance. How will this impact on the Registrar of banks.




  1. What will happen to current regulatory authorities after integration?



  1. Post integration, will exchange controls and the monetary policy be determined by SADC, or still maintained by each participating country? Will the repo rate be centrally determined?

ANNEXURE 2

EURO ZONE GUIDING QUESTIONS

INTERVIEW WITH NETHERLANDS CENTRAL BANK

Objective of the interview

  1. In understanding the journey to the Euro Zone Integration; what would you describe as the key milestones that had to be achieved for the Euro Zone Financial Integration to be a success?



  1. How many states needed to be on board for the Euro Zone Integration to be a success?



  1. What were the qualifying criteria set for the different states? Was it the same for all the states?



  1. What were the key political considerations that needed to be taken into account during the Euro Zone Integration?

    1. Different political agenda’s may be?

    2. Language Issues?

    3. Labour force?



  1. Was there governance was put in place to drive the Euro Zone Integration and for arbitration? If yes what was it?



  1. The United Kingdom; what was their main reason for not being part of the integration?



  1. Did their exclusion impact the Euro Zone Integration in anyway?



  1. What governance is now in place to ensure that the member states keep to their commitments and qualifying criteria.



  1. What would be the consequences if the member states default?

    1. How is the issue of Greece being dealt by the Euro Zone and what has been the impact thus far?



  1. How is alignment in economic and political policies driven or enforced within the Euro Zone?



  1. Did the Euro Zone financial integration change any regulations relating to the financial sector? If so, what were the changes?



  1. Are the central bank lending rates centrally determined?



  1. How did the banking sector respond in Netherlands / Euro with regards to the Euro Zone integration? Any set demands?

    1. What were the envisaged opportunities? Have they been realised?

    2. What were their main concerns? How were these overcome?



  1. In reality how was the banking sector impacted in terms of the Euro Integration; in terms of the

    1. Market; did the banks take advantage of the broader market? What could be defined as impact to banks that were already broadly operating or represented in Europe?

    2. Competition; was the competition broadened?

    3. Did the banking sector incur any loses as a result? Did some banks lose any value as a result? Any changes on the market share?

    4. Cost of Integration; what was the cost of integration in terms of the information systems and infrastructure (Both for the financial sector and the central banks)?



  1. In your view is the Euro Zone Integration working for the financial institutions; Netherlands in particular?

ANNEXURE 3

INTERVIEWS HELD

#

Interviewee

Organisation

Title

1

Mike Turner

Standard Bank Africa

Operations director

2

Joleen Young

Standard Bank Africa

Manager Payment Business Systems

3

Charl Ackerman

Standard Bank Africa

Manager Payment Business Systems

4

Brian Le Sar

Standard Bank Africa

Director Card and Payments

5

Ballim Goolam

Standard Bank Group

Group Economist

6

Arthur Cousins

Private – Former Director Standard Bank

SADC Financial Integration Consultant

7

Juliet Kanuki

South African Banking Association

General Manager Banking Financial Services

8

Stuart Grobler

South African Banking Association

Senior General Manager Banking Financial Services

9

Paul Sitotombe

Standard Bank Africa IT

Head of Solution Design

10

Michael van

Central Bank Netherlands

Director Policy Making

11

Project Manager SEPA

Central Bank Netherlands

Project Manager SEPA

12

Gops Pillay

South African Reserve Bank

Project Manager SADC Financial Integration

Glossary

#

Abbreviation

Definition

1

BIC

Bank Identifier Code

2

CMA

Common Monetary Area

3

COMESA

Common Market for East and Southern Africa

4

EAC

East African Community

5

ECB

European Central Bank

6

ECCU

Eastern Caribbean Currency Union

7

ECOWAS

Economic Community of West African States

8

EMI

European Monetary Institute

9

EMU

European Monetary Union

10

ERM II

Exchange Rate Mechanism

11

EU

European Union

12

EUN

Economic union

13

FIP

Finance and investment protocol

14

FTA

Free trade area

15

GDP

Gross Domestic Production

16

IBAN

International Bank Account Number

17

MEC

Macro-economic Convergence

18

MENA

Middle East and North Africa

19

MUN

Monetary union

20

PTA

Preferential trade agreement

21

REC

Regional Economic Community

22

RISDP

Regional Indicative Strategic Development Plan

23

SADC

Southern African Development Community

24

WAMZ

West African Monetary Zone



| Page


Kataloq: downloads

Yüklə 183,52 Kb.

Dostları ilə paylaş:
1   2   3   4   5   6   7




Verilənlər bazası müəlliflik hüququ ilə müdafiə olunur ©muhaz.org 2022
rəhbərliyinə müraciət

    Ana səhifə