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

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 substan...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2010
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a South Africa  |b Detailed Assessment of Compliance on Basel Core Principles for Effective Banking Supervision 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2010 
300 |a 53 pages 
651 4 |a South Africa 
653 |a External audit 
653 |a Depository Institutions 
653 |a State supervision 
653 |a Public Administration 
653 |a Asset requirements 
653 |a Capital adequacy requirements 
653 |a Banks 
653 |a Banks and banking 
653 |a Bank supervision 
653 |a Value of Firms 
653 |a Micro Finance Institutions 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Mortgages 
653 |a Management accounting & bookkeeping 
653 |a Market risk 
653 |a Internal audit 
653 |a Financial risk management 
653 |a Credit risk 
653 |a Capital and Ownership Structure 
653 |a Auditing 
653 |a Goodwill 
653 |a Banks and Banking 
653 |a Public Sector Accounting and Audits 
653 |a Auditing, Internal 
653 |a Financial regulation and supervision 
653 |a Public financial management (PFM) 
653 |a Banking 
653 |a Financial Risk and Risk Management 
653 |a Financing Policy 
653 |a Public Finance 
653 |a Financial services law & regulation 
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520 |a 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