CATEGORIES
- (27)Agriculture, Land Reform & Rural Development
- (24)Auditors & Accountants
- (6)Broad-based Black Economic Empowerment
- (5)Built Environment
- (55)Communications & Digital Technologies
- (2)Company Law
- (2)Consumer Law
- (10)Courts
- (2)Criminal Law
- (1)Cybercrimes
- (2)Disaster Management
- (11)Education & Training
- (4)Electoral Law
- (90)Environmental Law
- (4)Family Law
- (132)Financial Sector
- (3)Fisheries & Aquaculture
- (5)General Interest
- (18)Health & Safety
- (22)Home Affairs
- (3)Housing
- (14)In the Spotlight
- (1)International Co-operation
- (74)Justice & Constitutional Development
- (50)Labour Law
- (16)Legal Practice Council
- (18)Local Government
- (23)Minerals & Energy
- (1)Monetary Policy
- (1)National Development Plan
- (16)National Treasury
- (63)New Legislation
- (12)Opportunities for Public Comment
- (6)POPIA
- (276)Parliament
- (1)Practice Management
- (4)Presidency
- (13)Property Law
- (8)Public Service
- (3)Retirement Reform
- (13)Road Accident Fund
- (21)Safety and Security
- (7)Small Business Development
- (21)Social Development
- (9)Sport, Arts & Culture
- (14)State Owned Enterprises
- (4)State of Disaster (energy)
- (18)Taxation
- (7)Tourism
- (61)Trade, Industry & Competition
- (35)Transport
- (15)Water & Sanitation
- Show All
BANKING INDUSTRY: OPERATIONAL RISK REPORTING REQUIREMENTS TO CHANGE
- 04 October 2023
- Financial Sector
- SA Legal Academy
The Prudential Authority has called for input by 7 November 2023 on two draft directives that, once in force, will strengthen measures already in place for operational risk reporting by banks, controlling companies, the branches of foreign institutions, other eligible institutions and their auditors.
Focusing on the completion of certain forms submitted in keeping with regulatory requirements, once finalised and in force the draft directives are expected to ‘ensure consistency’ in the interpretation of what is expected by the authorities concerned when applying the ‘standardised’ approach envisaged.
- draft directive on completing form BA 400
- Annexure A
- proposed new BA 400
- draft directive on completing forms BA 410 and BA 420
- proposed new BA 410
- proposed new BA 420
Published by SA Legal Academy Policy Watch
0 COMMENTS
There are not comments for this article at the moment, check back later.
LEAVE A COMMENT
You must be logged in to add a comment, log in now.