Regulatory Alerts2012-08-15
Guidance Note 7/2012: Basel III Industry Training
The South African Reserve Bank’s Office of the Registrar of Banks issued Guidance Note 7/2012 to mandate practical training for banking institutions and auditors ahead of the 1 January 2013 implementation of Basel III-amended banking regulations. The October 2012 sessions will focus exclusively on completing specific statutory BA regulatory forms rather than conceptual Basel III theory, with each institution permitted to nominate up to five delegates. Institutions must register their attendees by 28 September 2012 and return a signed acknowledgement of receipt to comply with the supervisory requirements.
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