Regulatory Alerts2021-12-14
D10/2021 Directive on Operational Resilience
The Prudential Authority directs South African banks, foreign branches, and controlling companies to assess their operational resilience frameworks against the Basel Committee on Banking Supervision’s principles. Institutions must adopt a risk-based approach, address all resilience requirements internally or via third parties without delay, and align these measures with existing risk management processes and recovery plans. Full compliance with the directive’s enhanced governance standards is required within eighteen months of publication.
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