Financial sector policy

Shaping regulatory, strategic and institutional frameworks for a stable, competitive and future-ready financial system.

Krutham partners with regulators, central banks, banks, fintechs and financial-market infrastructures to develop policy, regulatory frameworks and institutional strategies that strengthen market stability, innovation and resilience.

The Krutham approach

We bridge deep regulatory expertise with market-structure insight to design forward-looking policies and supervisory frameworks that support financial-sector transformation and competitiveness.

Regulatory foresight and reform design

We help institutions anticipate and respond to regulatory changes – from Basel III/IV readiness and AML/CFT strengthening to sandbox development and digital-asset regulation.

Financial-market-infrastructure & digital-payments policy

We advise on modernising clearing, settlement, interoperability and digital-payments architecture, including tokenisation, open banking, real-time payments and cross-border flows.

Macro-financial stability & systemic-risk analysis

Our analysis spans sovereign/SOE exposures, dollar-funding vulnerabilities, credit-cycle dynamics, climate-transition risks and structural constraints affecting national financial stability.

Governance, supervision & institutional resilience

We assist regulators, supervisors and regulated entities to strengthen governance, capital frameworks, supervisory alignment and policy implementation capacity.

Proven results

We consult with regulators and public institutions to modernise payments ecosystems, develop innovative policy frameworks and advance digital finance regulation.

We advise banks, supervisors and financial market entities on achieving policy alignment, regulatory transformation and effective compliance practices.

We conduct in-depth analysis of macro-financial stability, risk management and regulatory frameworks that shape sustainable market development.

We collaborate with institutions across African markets to address local regulatory requirements while fostering harmonisation and best practice adoption.

Comprehensive capabilities

Policy, regulation and reform advisory

Regulatory-impact assessments
Financial sector policy reviews
Basel III/IV capital & liquidity readiness
Supervisory strengthening of anti-money laundering and countering the financing of terrorism (AML/CFT) policies
Technical committee and regulatory engagement support

Digital finance and financial infrastructure policy

Payments-system architecture design
Open-banking and interoperability frameworks
Tokenisation and digital asset regulation
Cross-border payments & settlement design
Sandbox and innovation-framework development

Systemic-risk, governance and capital frameworks

Sovereign-SOE and currency exposure analysis
Macro-prudential stress testing
MSME credit and renewable finance risk diagnostics
Balance sheet resilience mapping

Thought leadership and public-sector capability building

Policy briefs, discussion papers and national-strategy inputs
Executive and supervisory workshops
Capacity-building for regulators and public institutions

Thought leadership

The financial sector makes up a quarter of GDP and represents a clear national asset. However, other markets now provide compelling alternatives to global investors as domiciles for their investments. To compete effectively, South Africa must act decisively.

— Dr Stuart Theobald, Krutham chair and convenor, Operation Phumelela

FROM:
Operation Phumelela calls for reforms to bring financial services back onshore

Ready to shape the future of financial-sector policy?

Whether modernising payments, strengthening supervision, designing capital frameworks or building systemic resilience, Krutham’s policy team helps financial systems adapt and thrive.