Parliament is instrumental in the development of a robust financial system. During the recent hearings on the banking sector, key discussions emerged regarding financial inclusion, regulatory reforms and transformation. However, misconceptions and risky policy proposals were addressed, in addition to some valuable insights.

In this note, we distinguish between the good ideas, which have the potential to inspire meaningful reform, and the bad ideas, which could have unintended consequences for financial stability.

This analysis is essential for policymakers, banking professionals and investors to understand where South Africa’s financial sector is headed.