Daniel Mminele: South African Reserve Bank's strategic asset allocation framework

Keynote address by Mr Daniel Mminele, Deputy Governor of the South African Reserve Bank, at the Asset and Risk Management Forum, organized by the South African Reserve Bank, Pretoria, 15 June 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Good morning, ladies and gentlemen.

It gives me great pleasure to welcome you to this second day of the Asset and Risk Management Forum.

Yesterday's sessions touched on some pertinent and topical issues, as well as on the risks facing us as central-bank reserve managers. I hope that you have found yesterday's sessions informative, and I am sure today's session will be equally so.

In some sense, as the era of low policy rates and quantitative easing seems to be drawing to a close, we are entering new and unchartered territory. While the landscape in front of us appears ever-changing, complexities continue to abound. As such, opportunities to engage with peers - opportunities such as this forum - are proving to be invaluable.