The Financial Sector Forum
Regulation and Legislation
Bank rules ‘restrict Africa growth
May 14. Bank rules ‘restrict Africa growth. By Ann Crotty. Global banking rules such as Basel 3 were making it difficult for banks in Africa to provide services to the public and were consequently restricting the continent’s potential to develop, delegates attending the World Economic Forum on Africa were told last week. V Shankar, the … Continue reading
Capital framework for South Africa based on the Basel III framework
Executive summary. The Office of the Registrar of Banks (this Office) hereby informs all relevant persons of matters related to the prescribed minimum required capital ratios and the application of various components of the said capital requirements such as the systemic risk capital requirement (Pillar 2A), the domestic systemically important bank (D-SIB) capital requirement, the … Continue reading
Reserve Bank to help banks raise liquidity
Banks that expect to use newly announced committed liquidity facility to meet Basel 3 requirements will need to pay a commitment fee, even if they do not draw from it. The Reserve Bank has approved the provision of a committed liquidity facility from which lenders in the country can draw to meet Basel 3 liquidity … Continue reading
SARB Financial Stability Review
South African Reserve Bank Financial Stability Review, September 2011. Overview: This issue of the Financial Stability Review focuses mainly on the six-month period ending June 2011, and selected developments up to 30 September 2011 are also reported on. Since the release of the March 2011 Financial Stability Review, global economic growth has remained at subdued levels, … Continue reading
Making banks safer
18 Oct. Making banks safer: IMF Working Paper by Chow, Julian T.S. and Surti, Jay. This paper assesses proposals to redefine the scope of activities of systemically important financial institutions. Alongside reform of prudential regulation and oversight, these have been offered as solutions to the too-important-to-fail problem. It is argued that while the more radical of … Continue reading
Appointment of Registrar and Deputy Registrars of Banks
10 Oct. South African Reserve Bank: Appointment of Registrar and Deputy Registrars of Banks. The South African Reserve Bank hereby announces the following appointments: Mr Rene van Wyk as Registrar of Banks; Mr Nkosana Samuel Mashiya as Deputy Registrar of Banks; and Mr Robert Hunter Urry as Deputy Registrar of Banks. These appointments have been … Continue reading
Treasury proposes emergency relief team
A safer financial sector would be anchored on four pillars – financial stability, consumer protection, access to financial services and the combating of financial crime. The Treasury is proposing that an emergency team should be set up with Finance Minister Pravin Gordhan and Reserve Bank governor Gill Marcus to take appropriate – and possibly snappy … Continue reading
Time to get credit rules roadworthy
If ever there was an issue on which the state and private sector should work together, it is consumer debt regulation. SA is blessed with a Mercedes-Benz of a debt-regulation framework that is the envy of many other countries, but the model is now a few years old and the wheels could come off if … Continue reading
Tutu’s sanctions put economy back by years
By proposing a wealth tax exclusively on white people because he claims they benefited from apartheid and because black impoverishment persists, Archbishop Emeritus Desmond Tutu displays not only an ignorance of economics, but also a degree of amnesia. Like painkillers, the idea of throwing money at marginalised sections of society does not provide a cure, … Continue reading
New law to regulate SA rating agencies
01 Aug. New law to regulate SA credit rating agencies. The government gave notice at the weekend that the Treasury would be tabling legislation to govern credit rating agencies in South Africa. Finance Minister Pravin Gordhan would pilot the legislation through Parliament but the cabinet has already given its nod to the Credit Rating Services … Continue reading
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