The SARB has a long and proud history of serving, chairing and actively contributing to the work of international and regional bodies, organisations and standard-setting bodies.

The Bank is represented on all the prominent regional and international forums. These include the Group of Twenty (G20), International Monetary Fund (IMF), World Bank, BRICS, Financial Stability Board (FSB), Bank for International Settlements (BIS), Basel Committee on Banking Supervision (BCBS), International Association of Insurance Supervisors (IAIS), Committee on Payments and Market Infrastructures (CPMI), International Organization of Securities Commissions (IOSCO), Financial Action Task Force (FATF), International Association of Deposit Insurers (IADI), Committee of Central Bank Governors (CCBG), Southern African Development Community (SADC), Association of African Central Banks (AACB) and Common Monetary Area (CMA).

Notably, the SARB chairs the following international forums:

• IMF International and Monetary Financial Committee (IMFC): Governor Kganyago
• FSB Standing Committee on Standards Implementation (SCSI): Governor Kganyago
• BIS Irving Fisher Committee on Central Bank Statistics: Deputy Governor Cassim
• FSB Regional Consultative Group (RCG) for Sub-Saharan Africa: Governor Kganyago
• Committee of Central Bank Governors (CCBG): Governor Kganyago

The SARB’s international strategy is directed at leveraging and maximising the Bank’s participation in international forums in pursuit of the following objectives:

• enhancing domestic economic and financial policy formulation and implementation by drawing on international best practice;
• enhancing the profile and relevance of the SARB in international discussions in support of advancing South Africa’s and Africa’s interests; and
• promoting regional economic and financial integration in SADC and Africa.

This entails monitoring and analysing international economic and financial regulatory developments and identifying the potential policy implications for South Africa and the SARB. In addition, the SARB’s participation in international forums is directed at ensuring that policy developments adequately account for South Africa’s and Africa’s interests (given that South Africa is often the only African representative at such forums). The SARB provides regular feedback to relevant African stakeholders on the latest international economic and policy developments. In executing its international strategy, the SARB engages and coordinates with the relevant domestic stakeholders such as the National Treasury and the Financial Sector Conduct Authority to ensure a consistent South African message is delivered across all relevant international forums.