The FSCA’s latest Q4 2026 newsletter reflects a regulator that is steadily shifting from a rules-based mindset to a far more outcomes-driven, accountability-focused model of supervision, with clear implications for all financial institutions operating under FAIS, FICA and the forthcoming COFI framework.
A central theme running through the publication ...
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By Eugene Du Toit, Divisional Executive: Regulatory Policy (FSCA)
This article first appeared in the FSCA Newsletter released on 30 March 2026 (Q4 FSCA Newsletter)
The Conduct of Financial Institutions (COFI) Bill arrives at a moment when South Africa’s financial sector is already shaped by decades of reform, each wave ...
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FA News reports that global regulatory discussions at the recent FSCA Conference highlight a clear shift toward outcomes-based supervision, with regulators moving away from purely rules-driven approaches.
For intermediaries, this shift is significant. As financial services evolve through digital innovation and artificial intelligence, regulators are recognising that prescriptive rules alone ...
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By Lee Rossini
The global financial services sector is undergoing a wave of consolidation, driven by shifting economic conditions, technological disruption, and evolving client expectations. This trend, visible across banking, payments, and fintech, reflects a broader transformation in how financial services are delivered and consumed.
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