PIC is wholly owned by the South African government, with the minister of finance as a shareholder representative. PIC was established as a corporation on 1 April 2005 in accordance with the Public Investment Corporation Act, 2004. PIC's role is to invest funds on behalf of its clients, based on investment mandates set by each client and approved by the local regulator, the South African Financial Services Board.
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails
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