Sarb consults on Covid-19 regulatory easing
Central bank mulls lowering Pillar 2A capital requirements
The South African Reserve Bank is considering relaxing capital requirements for banks in response to the Covid-19 outbreak.
On March 27, the Sarb issued a proposal to reduce banks’ Pillar 2A requirements to 0%. The central bank has also issued proposals around loan restructuring and the liquidity coverage ratio.
In addition to uniform capital requirements (Pillar 1), all banks are subject to an individual capital requirement. In South Africa, banks are required to maintain a minimum Pillar 2A
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