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

International Monetary Fund

No 2010/353, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; senior management; board of directors; internal audit; country risk; risk management; credit risk; minister of finance; risk assessment; audit committee; compliance officer; capital ratio; External audit; Credit risk; Market risk; Bank supervision; Africa (search for similar items in EconPapers)
Pages: 53
Date: 2010-12-08
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=24483 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2010/353

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().