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Nkhwashu, Nkateko. The advocate’s journey into financial services regulatory law. – 2022.

Updated: Mar 23, 2023

Nkhwashu, Nkateko. The advocate’s journey into financial services regulatory law. – 2022.

“In this book, the author endeavours to share his personal journey as such relates to various developments within South Africa’s financial sector regulatory framework. This is being done while also acknowledging the evolutionary nature of the legal profession or rather looking at potential or emerging areas of specializations within (tied to various financial sector laws). Such narrative emanates from first-hand experiences by having been closer to some of these key developments within this space. The formal adoption of the Twin Peaks regulatory framework and other supervisory approaches forms the basis of discussion. The author has been closer to these while working within the relevant policy-maker, industry representative body and currently regulatory and supervisory body.

Thus, the narrative is quite interesting and educational as it follows the same sequence which also mirrors that related to the ideal legislative process which ultimately results in the promulgation of legislation. Discussions are informed by, amongst others, the Financial Sector Regulation Act, 2017, the Financial Intelligence Centre Amendment Act, 2017, Financial Advisory and Intermediary Services Act, 2003, Conduct of Financial Institutions Bill, 2018, draft Conduct Standard for Banks, 2019 and the World Bank’s Retail Diagnostic report, 2018.

The author goes on to narrate personal experiences and lessons learned while within the consulting space. The author goes on to discuss other not-so court related areas of specialization within the legal profession. Most importantly, the author further goes on to adopt a futuristic outlook as regards conduct regulation of financial institutions, banks to be specific. This is one area which was never regulated before and or written quiet substantially about. This is the very area in which the author argues to present countless opportunities for the those with relevant expertise including that of interpreting legislation, compliance and risk management. Finally, the author looks at some of the relevant reports and their findings with the intention of pre-empting where the entire financial sector regulatory frameworks is headed especially as regards conduct regulation of banks and many more.”

Price: R280 all inclusive (delivery via Paxi).

To order a copy kindly contact the author via call or WhatsApp on 082 841 7455.

Date posted: 18 March 2022

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