Featured Product

    SARB Issues Directive on Pillar 3 Disclosure Requirements Framework

    May 23, 2019

    SARB issued a directive (D1/2019) on matters related to Pillar 3 disclosure requirements framework. D1/2019 provides directions related to general and specific disclosure requirements. The purpose of the directive is to consolidate the disclosure requirements set out in the revised Pillar 3 framework and the consolidated and enhanced framework, which were issued by BCBS in January 2015 and in March 2017 respectively, to create a single point of reference for the disclosure requirements.

    The directive also aims to direct banks to comply with the requirements specified in the directive to ensure that the internationally agreed Pillar 3 disclosure framework is fully implemented. Annexure A to the directive includes a list of tables and templates specifying their formats and frequency of disclosure. Annexure B to the directive includes template CC1 on composition of regulatory capital. The template CC1 has been expanded to include an additional column to provide linkages with the reconciliation disclosures in template CC2 and additional rows for the total loss-absorbing capacity (TLAC) holdings standard. The template is mandatory for all banks at the consolidated level and banks must disclose, on a semi-annual basis, their composition of regulatory capital using template CC1. It must be completed from the earlier of—

    • when banks have fully applied the Basel III deductions in advance of January 01, 2018 (that is, before the end of transition period); OR 
    • the end of transition period

    The directive D1/2019 replaces directives 11/2015 and 1/2018. The directive is applicable to all banks, controlling companies, branches of foreign institutions, eligible institutions, and auditors of banks or controlling companies. 

     

    Related Link: Directive and Annexures

     

    Keywords: Middle East and Africa, South Africa, Banking, Pillar 3, D1/2019, Reporting, Regulatory Capital, Basel III, TLAC, Disclosures, BCBS, SARB

    Featured Experts
    Related Articles
    News

    HKMA on Fintech Adoption and Innovation by Banks in Hong Kong

    HKMA announced the publication of a report on fintech adoption and innovation in the banking industry in Hong Kong.

    May 20, 2020 WebPage Regulatory News
    News

    BIS on Impact of Increasing Use of Cloud Technology on Cyber Risk

    BIS published a working paper that examines the drivers of cyber risk, especially in context of the cloud services.

    May 20, 2020 WebPage Regulatory News
    News

    ECB Consults on Guide for Managing Climate and Environmental Risks

    ECB launched consultation on a guide specifying how the Banking Supervision expects banks to consider climate-related and environmental risks in their governance and risk management frameworks and when formulating and implementing their business strategy.

    May 20, 2020 WebPage Regulatory News
    News

    ECB Issues Opinion on Revisions to CRR in Response to COVID Crisis

    ECB published an opinion (CON/2020/16) on amendments to the prudential framework in EU in response to the COVID-19 pandemic.

    May 20, 2020 WebPage Regulatory News
    News

    EBA Assesses Interlinkages Between Recovery and Resolution Planning

    EBA published a report that examines the interlinkages between recovery and resolution planning under the Bank Recovery and Resolution Directive (BRRD).

    May 20, 2020 WebPage Regulatory News
    News

    SRB Publishes Final MREL Policy Under the Banking Package

    SRB published the final Minimum Requirements for Own Funds and Eligible Liabilities (MREL) policy under the Banking Package.

    May 20, 2020 WebPage Regulatory News
    News

    ECB Releases Results of March Survey on Credit Terms and Conditions

    ECB published results of the March 2020 survey on credit terms and conditions in euro-denominated securities financing and over-the-counter (OTC) derivatives markets.

    May 19, 2020 WebPage Regulatory News
    News

    FINMA Adjusts Deadlines for COVID-19 Relief Measures for Banks

    FINMA published guidance (06/2020) on extending or discontinuing various exemptions that were granted due to the COVID-19 crisis.

    May 19, 2020 WebPage Regulatory News
    News

    SRB Consults on Standardized Data Set for Bank Valuation in Resolution

    SRB launched a consultation on the minimum data needed for valuation of a bank in resolution.

    May 19, 2020 WebPage Regulatory News
    News

    EIOPA Changes Frequency of RFR and EDA Processes to Two Weeks

    EIOPA announced a change in the frequency of current extraordinary processes for risk-free interest rate term structures (RFR) and symmetric adjustment to equity risk (EDA) from a weekly basis to every two weeks.

    May 19, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5203