Regulatory Alerts2014-12-09
D9/2014: Restructured credit exposures
The South African Reserve Bank issued Directive 9/2014 to standardize the identification, treatment, and reporting of restructured credit exposures across all banks. The directive mandates that distressed restructures be classified as in default for regulatory capital purposes and requires a minimum six-month observation period before such loans can be reclassified as performing. It further clarifies reporting obligations on form BA 210 and defines specific criteria for determining financial distress in both wholesale and retail portfolios.
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