South Africa : Detailed Assessment of Compliance on Basel Core Principles for Effective Banking Supervision

Author/Editor:

International Monetary Fund

Publication Date:

December 8, 2010

Electronic Access:

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Summary:

Banking supervision in South Africa has been effective in reducing the impact of the global financial crisis. The banks have remained profitable, and capital adequacy ratios have been maintained well above the regulatory minimum. The supervisory and regulatory framework has been strengthened substantially. A specific regulation dealing with country and transfer-risk regulation should be drafted. The registrar’s remedial powers in banks should be strengthened. The Bank Supervision Department should expand its expertise in specialized areas such as operational risk and countering the abuse of financial services.

Series:

Country Report No. 10/353

Subject:

Frequency:

Quarterly

English

Publication Date:

December 8, 2010

ISBN/ISSN:

9781455212767/1934-7685

Stock No:

1ZAFEA2010004

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

53

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