Regulatory Alerts2020-03-31
Added · Updated
D1/2020 Temporary Measures to Aid Compliance with the LCR During the COVID-19 Pandemic Stress Period
The Prudential Authority has temporarily reduced the minimum Liquidity Coverage Ratio requirement for South African banks from 100 percent to 80 percent. Effective from 1 April 2020, this directive provides immediate liquidity relief during the COVID-19 pandemic stress period to counteract market volatility and declining high-quality liquid asset values. The reduced threshold remains in force until financial markets normalize, at which point the Prudential Authority will implement phased arrangements to restore the 100 percent standard.
More like this from SARB
SARB published 1 document in the last 30 days. We email you each new one the day it's published.
Topics
Share