Regulatory Alerts2013-03-19
D2/2013: Matters Related to the Liquidity Coverage Ratio
The Office of the Registrar of Banks directs all South African banks and controlling companies to adhere to the Basel Committee on Banking Supervision’s revised liquidity coverage ratio framework until formal regulatory amendments are enacted. This directive incorporates the January 2013 Basel III revisions into the existing compliance monitoring stages, ensuring alignment with internationally agreed liquidity standards. Institutions must return a duly completed and signed acknowledgement of receipt, endorsed by both the chief executive officer and independent auditors, to finalize compliance.
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