Regulatory Alerts2018-11-29
Proposed Implementation Dates for Specified Regulatory Reforms
The Prudential Authority of the South African Reserve Bank proposes phased implementation dates for outstanding Basel III regulatory reforms affecting banks, controlling companies, and auditors. Key capital, liquidity, and risk framework amendments will take effect between October 2019 and January 2027, with a graduated output floor scaling from 50% to 72.5%. Parallel runs will commence at least three months prior to each deadline, and the Authority will publish stakeholder comments alongside a formal statement of expected impact.
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