Regulatory Alerts2014-09-19
South African Reserve Bank Directive 4/2014 on Basel III Leverage Ratio Framework and Disclosure Requirements
The South African Reserve Bank’s Office of the Registrar of Banks directs all banks, controlling companies, and foreign branches to implement the revised Basel III leverage ratio framework and associated disclosure requirements. Effective 30 September 2014, institutions must submit monthly solo and quarterly consolidated leverage ratio data while maintaining a minimum 4 percent leverage ratio. Public disclosures must align with Basel Committee on Banking Supervision templates and coincide with financial statement publications from January 2015, ensuring consistent international reporting and regulatory compliance.
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