BANKS ACT REGULATIONS: DRAFT CREDIT RISK REPORTING DIRECTIVE OUT FOR COMMENT

BANKS ACT REGULATIONS: DRAFT CREDIT RISK REPORTING DIRECTIVE OUT FOR COMMENT

• 10 July 2023
• Financial Sector
• SA Legal Academy

The Prudential Authority has called for input by 4 August 2023 on a draft credit risk reporting directive proposing ‘specific instructions for completing Form BA 200’ in terms of Regulation 23 of the Banks Act, 1990.

This is noting that:

• Regulation 23 sets out the minimum requirements of a standardised approach to calculating the capital and reserve funds required by a bank in respect of credit risk, and that
• ‘the most recent set of proposed amendments to the regulations’ includes ‘revised’ standardised approach-related requirements.

It is not clear where the most recent set of proposed amendments is to be found. The Prudential Authority has already released a raft of draft directives this year on which SA Legal Academy articles have been published from time to time.

• draft directive
• related documents
• previous SA Legal Academy financial sector articles

Published by SA Legal Academy Policy Watch

0 COMMENTS

LEAVE A COMMENT