2014-12-18

Liquidity Coverage Ratio: Scope of Application and Disclosure Requirements

The South African Reserve Bank directs all banks, controlling companies, and foreign branches to implement internationally agreed Liquidity Coverage Ratio (LCR) disclosure standards and define their scope of application. The directive mandates solo and consolidated LCR calculations using Basel Committee on Banking Supervision templates, requiring quarterly public reporting in Rand that accounts for jurisdictional parameters and liquidity transfer restrictions. Implementation begins after January 2015, with a transition period allowing monthly averages until January 2017 before shifting to daily average calculations.

South Africa

South African Reserve Bank

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