"It always seems impossible until it's done."Nelson Mandela
Our History

The Centre of Excellence in Financial Services was registered on the 23rd of December 2016.

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Our Mission

View our mission and vision.

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Centre of Excellence in Financial Services Announced

At the State of the Nation address 2016.

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Research reports

Take a look at our research reports here.


DRRP research

We request for research on a number of interesting and challenging topics. Read through some of our problem statements, research proposals and articles here.


Working papers

Take a look at our working papers here.


DRRP articles

Read the research papers submitted in response to problem statements supplied by the industry.


Latest Media

  • Grounding Butterflies so change can take place

    Gordon Gecko said “greed is good” in the movie Wall Street. I say change is good. It has influenced my professional journey and has had an enriching effect on my career. Now, as a coach and capacity builder,in the words of an African proverb, I am “lighting other candles”.

    August 31, 2022
  • South African bank lending practices survey WP/2021/11

    Since our March 2021 Survey, we experienced rioting and looting in KwaZulu Natal and other provinces during July. The subsequent month-on-month data does not show a noticeable change in bank lending as a result thereof.

    February 17, 2022
  • The Archegos saga demonstrates once again that banks’ and financial institutions’ quest for huge returns trumps prudent risk management OP/2022/01

    Is it a question of shortness of memory on the part of financial institutions, or is it just a matter of the prospect of huge returns making risky investment decisions worthwhile? Whatever the motivation, the Archegos implosion has prompted regulators in the US, UK, Switzerland and Japan to investigate the risk controls of eight major banks including Credit Suisse, Nomura, Morgan Stanley, UBS, MUFG and Mizuho, who collectively suffered losses in excess of US$10 billion.

    January 23, 2022
  • Measuring competition in banking

    The most popular method of measuring competition in banking is the Herfindahl-Hirshman index that measures concentration as a proxy for competition. We examine 17 different mathematical models used to measure competition and begin framing the challenges that need to be considered to ensure that policy decisions, driven by competition concerns, will have the greatest positive impact on social welfare.

    November 3, 2021