Regulatory Alerts2019-08-27
Guidance Note 5/2019: Continued Provision of a Committed Liquidity Facility by the South African Reserve Bank to Banks
The South African Reserve Bank issued Guidance Note 5/2019 to revise the guidelines and conditions for its Committed Liquidity Facility, which supports banks in meeting domestic Liquidity Coverage Ratio requirements. The updated framework applies from 1 December 2019 to 30 November 2020 and retains the previously established criteria for eligible collateral. The central bank explicitly signals its intention to completely phase out the facility by 1 December 2021 as domestic high-quality liquid asset supplies improve.
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