Lesetja Kganyago: Financial intermediation in emerging markets

Keynote address by Mr Lesetja Kganyago, Governor of the South African Reserve Bank, at the Conference on "Financial Intermediation in Emerging Markets", Cape Town, 9 December 2016.

Good morning, ladies and gentlemen.

Let me begin by thanking the organisers for inviting me to address you today.

Today, I would like to talk about the evolving banking landscape, specifically the regulatory and governance challenges that face banks in emerging markets. I would also like to discuss the challenges relating to correspondent banking as well as the opportunities and risks that come with fintech and digitisation developments. Last but not least, I will touch on the concept of 'financial inclusion' and the framework for the resolution of troubled financial institutions.