Featured Product

    SARB Issues Directive on Submission of Regulatory Return by D-SIBs

    November 28, 2017

    SARB published a directive (D7/2017) that specifies information for submission of regulatory and economic capital information by domestic systemically important banks and controlling companies (D-SIBs) on a biannual basis. The directive also specifies the timelines for submission of the completed regulatory return to the Office of the Registrar of Banks.

    SARB is directing D-SIBs to complete the regulatory return BA 701, which is attached as Annexure A with D7/2017; this is in addition to the submission requirements of BA returns, as specified in regulation 7 of the Regulations related to Banks (Regulations). D-SIBs must complete this regulatory return at a bank solo and a controlling company consolidated level. D7/2017 specifies that data must be submitted biannually based on a calendar year, that is in relation to June 30 and December 31 of each relevant year, by no later than the 60th working day immediately following the relevant required reporting date. For banks or controlling companies with a financial year ending on a date other than June 30 or December 31, the forecast data contained in the form may be the latest available data closest to the financial year-ends of the reporting entity, while the actual data will be the data as at June 30 or December 31, as the case may be. D7/2017 applies to all banks, controlling companies, branches of foreign institutions, eligible institutions, and auditors of banks or controlling companies. 

     

    Related Link: Directive D7/2017

     

    Keywords: Middle East and Africa, South Africa, Banking, D-SIB, Reporting, D7/2017, SARB

    Featured Experts
    Related Articles
    News

    OCC Revises Minimum Threshold for Banks to Conduct Stress Tests

    OCC issued the final rule that amends its company-run stress testing requirements under the 12 CFR 46 in Code of Federal Regulations.

    October 10, 2019 WebPage Regulatory News
    News

    US Agencies Update Management Interlock Rules Under DIMIA

    US Agencies (FDIC, FED, and OCC) issued a final rule that increases the thresholds in the major assets prohibition for management interlocks for purposes of the Depository Institution Management Interlocks Act (DIMIA).

    October 10, 2019 WebPage Regulatory News
    News

    US Agencies Finalize Rules to Closely Match Bank Risk Profiles

    US Agencies (OCC, FED, and FDIC) finalized rules that tailor the regulations for domestic and foreign banks to more closely match their risk profiles.

    October 10, 2019 WebPage Regulatory News
    News

    CPMI-IOSCO and FSB on Governance Arrangements for OTC Derivatives

    CPMI and IOSCO published a report that identifies key criteria, functions, and bodies for the governance arrangements.

    October 09, 2019 WebPage Regulatory News
    News

    EIOPA Launches Field Test on Templates Under 2020 Solvency II Review

    EIOPA, as part of the 2020 Solvency II reporting and disclosure review, launched a field test on the revised and newly proposed reporting templates.

    October 09, 2019 WebPage Regulatory News
    News

    US Agencies Adopt Rule on Appraisals for Real Estate Transactions

    US Agencies (FDIC, FED, and OCC) adopted the final rule to amend regulations requiring appraisals of real estate for certain transactions

    October 08, 2019 WebPage Regulatory News
    News

    US Agencies Finalize Amendments to Simplify Volcker Rule

    US Agencies (CFTC, FDIC, FED, OCC, and SEC) finalized amendments to the regulations implementing section 13 of the Bank Holding Company Act, also known as the Volcker Rule.

    October 08, 2019 WebPage Regulatory News
    News

    EC Report Explores Application and Challenges of Blockchain Technology

    The Joint Research Center of EC published a report exploring the challenges and impact of distributed ledger technologies.

    October 08, 2019 WebPage Regulatory News
    News

    BIS and SNB Sign Agreement on Innovation Hub Center in Switzerland

    BIS and SNB signed an operational agreement on the BIS Innovation Hub Center in Switzerland.

    October 08, 2019 WebPage Regulatory News
    News

    ECB Issues Results of Sensitivity Analysis of Liquidity Risk for Banks

    ECB published results of 2019 stress test on sensitivity analysis of liquidity risk.

    October 07, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3958