Regulatory Alerts2014-02-07
G2/2014: Meetings to be held during the 2014 calendar year with the boards of directors of banks and controlling companies
The South African Reserve Bank issued Guidance Note 2/2014 to mandate that banks and controlling companies discuss specific regulatory topics with their boards during 2014. The document requires presentations on information technology project governance and market conduct, with the chairperson of the capital and risk management subcommittee responsible for delivering these reports. Institutions must submit presentation materials three weeks in advance and return signed acknowledgements of receipt to the Office of the Registrar of Banks.
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