Regulatory Alerts2017-12-13
D8/2017: Matters Related to the Net Stable Funding Ratio
The South African Reserve Bank issued Directive D8/2017 to implement revised Net Stable Funding Ratio (NSFR) requirements for all South African banks, foreign branches, controlling companies, and auditors effective 1 January 2018. The directive mandates compliance with the updated Basel III calibration while exercising national discretion to assign a 35 percent available stable funding factor to short-term Rand funding from financial corporate customers. Institutions must submit monthly NSFR compliance reports using the prescribed template within twenty business days of month-end and ensure their independent auditors acknowledge receipt.
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