Regulatory Alerts2014-10-01
Matters Related to Liquidity Risk and the Liquidity Coverage Ratio
The South African Reserve Bank directs all banks, controlling companies, and foreign branches to implement Basel Committee on Banking Supervision revisions regarding the liquidity coverage ratio, intraday liquidity monitoring tools, disclosure standards, and restricted-use committed liquidity facilities. Institutions must comply with the revised framework during monitoring stages and fully from 1 January 2015, while publishing required disclosures concurrently with their financial statements. This directive replaces Directive 2/2013 and initiates formal regulatory amendments to align South African banking standards with international Basel III requirements.
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