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BANKS ACT REGULATIONS AMENDED
- 23 December 2022
- Financial Sector
- SA Legal Academy
National Treasury has gazetted substantive amendments to regulations affecting a bank’s governance and risk management framework, including its exposure to interest rate risk. Inserting new sub-regulations and replacing others in their entirety, the amendments will come into effect on 1 January 2023.
While a new interest rate risk reporting form (BA 330) is introduced, the amended Regulation 30 (interest rate risk) provides that, ‘the risk of a change in the capital value of instruments resulting from a change in interest rates shall be deemed to constitute market risk (position risk) and shall be reported in the form BA 320’.
Published by SA Legal Academy Policy Watch
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