Regulatory Alerts2012-02-16
Guidance Note G3/2012: 2012 Meetings with Bank and Controlling Company Boards
The South African Reserve Bank’s Office of the Registrar of Banks issued Guidance Note G3/2012 to mandate annual supervisory meetings with the boards of directors of all regulated banks and controlling companies. Institutions must prepare and submit presentations at least two weeks prior to these meetings, focusing on three priority areas: unsecured lending risk management, African market expansion strategies, and recovery and resolution planning aligned with Financial Stability Board standards. Each submission must detail governance frameworks, risk appetite limits, capital adequacy, business continuity procedures, and specific regulatory compliance measures to safeguard financial stability and ensure orderly crisis resolution.
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