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BRIEF-Absa says public protector's recommended amendments pose risk to financial system
June 21, 2017 / 6:02 AM / 2 months ago

BRIEF-Absa says public protector's recommended amendments pose risk to financial system

June 21 (Reuters) - Absa Bank Ltd:

* Advised that "public protector act does not empower public protector to direct that constitutional amendments be made"

* "Recommended amendments pose a very serious risk to financial system and they cannot be allowed to stand"

* Public protector's remedial actions include directive to parliament to amend constitution in order to change mandate of S.A. Reserve bank Further company coverage:

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