The Prudential Authority has called for input by 15 December 2025 on a draft directive with implications for recently amended regulations under the 1990 Banks Act dealing with interest rate risk in the banking book. This is noting the Authority’s intention is to convert the amended regulations into prudential standards – apparently communicated to the industry in June 2025.
Against that backdrop, once finalised, the proposed new directive will replace Regulation 30 with a standard that will incorporate Basel Committee on Banking Supervision requirements in respect of recalibrated shocks.
It is proposed that this should be effective from 1 July 2026.
Published by SA Legal Academy Policy Watch
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