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Why did the banks react the way they did

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Reference no: EM132621993

Question - In early April 2016, various newspapers reported that the top four of South Africa commercial banks disowned one of their main clients, The FAMOUS Guptas brothers business without giving any specific reason to the public.

a) In your opinion, why did the banks react the way they did? What risks do you think they were trying to manage by taking the route that they took? (Identify any four major risks and briefly explain them).

b) Discuss risks identified in (a) above in the context of the Bank's responsibilities under FICA and argue whether these risks were fully addressed by what the banks did.

Reference no: EM132621993

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