Abil tests South Africa bank reforms.

• Autores: Danielle Myles
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 33, Nº. 9 (Oct2014), 2014
• Idioma: inglés
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• Resumen

  • The article discusses the South African Reserve Bank's (SARB) decision to place microlender African Bank Ltd. (ABL) into curatorship and explains its plan to split ABL into a good and bad bank. Topics covered include SARB's announcement of its plan to buy the bad bank from the split for 655 million dollars, ABL's financial difficulties, and the effect of the curatorship on banks, creditors and offshore lenders that have contracts with ABL.