Produce a study making recommendations on the use of foreign exchange swaps between commercial banks and banks’ NOP limit.
Introduced at R3. Macroeconomic rationale: To improve liquidity in the foreign exchange market. At R4, onging. At R5, Not met. The NOP limit was raised back to 7.5 percent of core
capital effective September 1, 2016, and the study on the use of FX swaps is expected to be completed by end-December 2016. 