Regulatory Alerts2003-01-01
Update on the Implementation of the New Basel Capital Accord and Request for Further Information
The South African Reserve Bank issued a questionnaire to commercial banks to evaluate their planned implementation strategies for the New Basel Capital Accord. Financial institutions must specify their anticipated adoption of standardized, internal ratings-based, or advanced measurement approaches for credit and operational risk, indicating whether these will apply from Day 1 or a later date. Banks must submit their responses by 19 November 2003 to assist regulatory resource planning, with all answers treated as indicative assessments rather than binding commitments.
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