FINANCIAL SECTOR TRANSFORMATION SUMMIT

31 May 2001

The Nedlac constituencies, government, business, labour and the community, met today regarding the process of preparing for a summit later in the year on the transformation of the financial sector. The call for the summit had been made by the Community and Labour constituencies earlier this year.

A fruitful meeting reached agreement on a timeframe for the process of preparing for the summit and on the work programme that the constitiuencies would be engaged in in the run up to the summit. The scope of the summit, the terms of reference, and the research agenda for the summit will be finalised by the task team in the next fortnight. Constituencies also discussed the various other processes underway that deal with aspects of the transformation of the finacial sector.

The task team together with the secretariat will be responsible for co-ordinating a workshop prior to the Summit. At the workshop constituencies would table their position papers.

The task team agreed that in the run up to the summit, a conference would take place that would include experts and experiences of other countries in dealing with challenges of a similar nature to those facing the constituencies in the sector.

Jennifer Wilson
Communications Coordinator
Nedlac
Tel:(011)482-2511
Fax: (011)482 4650
082 495 1341