December 13, 2017

SARB published a directive (D8/2017) that informs the relevant entities about matters related to the calibration of NSFR and the national discretion exercised in respect of specified items related to NSFR. The directive replaces Banks Act Directive 4/2016, with effect from January 01, 2018. D8/2017 applies to all banks, controlling companies, branches of foreign institutions, eligible institutions, and auditors of banks or controlling companies.

The purpose of this directive is to provide clarity on the treatment of the Committed Liquidity Facility (CLF) within the NSFR framework, in addition to informing banks about matters related to the calibration of NSFR and the national discretion exercised in respect of specified items related to NSFR, The directive also provides banks with the reporting template to be used to enable the Office of the Registrar of Banks to monitor banks’ compliance with the NSFR requirements, from January 01, 2018.

 

Related Link: Directive D8/2017


Keywords: Middle East and Africa, South Africa, Banking, NSFR, Basel III, D8/2017, SARB


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