{"id":11075,"date":"2012-06-04T22:47:56","date_gmt":"2012-06-04T20:47:56","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/update-2-s-africa-wants-bank-capital-above-minimum-levels\/"},"modified":"2012-06-04T22:47:56","modified_gmt":"2012-06-04T20:47:56","slug":"update-2-s-africa-wants-bank-capital-above-minimum-levels","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-s-africa-wants-bank-capital-above-minimum-levels\/","title":{"rendered":"UPDATE 2-S.Africa wants bank capital above minimum levels"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Central bank wants minimum 6.5 pct common equity Tier 1<br \/>\ncapital<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Also wants minimum 10 pct in total capital<\/p>\n<p><span><\/span><\/p>\n<p>* Tier 1 capital rises to 12.2 pct in 2011<\/p>\n<p> (Adds quotes, details)<\/p>\n<p><span><\/span><\/p>\n<p>By Helen Nyambura-Mwaura<\/p>\n<p><span><\/span><\/p>\n<p>PRETORIA, June 4 (Reuters) &#8211; South Africa&#8217;s central bank<br \/>\nwants the country&#8217;s lenders to hold more capital than the<br \/>\nminimum required by international standards as part of a global<br \/>\ndrive to bolster confidence in the industry and prevent a repeat<br \/>\nof the 2007-9 financial crisis.<\/p>\n<p><span><\/span><\/p>\n<p>South Africa&#8217;s Reserve Bank said on Monday it wanted lenders<br \/>\nto hold at least 6.5 percent of common equity Tier 1 capital and<br \/>\n10 percent of total capital by 2015. Those figures are both 200<br \/>\nbasis points above the minimum requirements set by a global<br \/>\nagreement meant to force banks to hold more capital.<\/p>\n<p><span><\/span><\/p>\n<p>Analysts say banks in Africa&#8217;s leading economy are already<br \/>\nwell capitalised and are unlikely to require systemic support,<br \/>\nbut will struggle to meet liquidity ratios.<\/p>\n<p><span><\/span><\/p>\n<p>Registrar of banks Rene Van Wyk said he would be discussing<br \/>\nwith the international Basel committee later this month whether<br \/>\nhigh-grade corporate bonds by companies with higher ratings than<br \/>\nthe sovereign rating can qualify as liquid assets.<\/p>\n<p><span><\/span><\/p>\n<p>They currently do not qualify according to the Reserve<br \/>\nBank&#8217;s interpretation of the so-called Basel III rules, he said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Central bank wants minimum 6.5 pct common equity Tier 1 capital * Also wants minimum 10 pct in total capital * Tier 1 capital rises to 12.2 pct in 2011 (Adds quotes, details) By Helen Nyambura-Mwaura PRETORIA, June 4 (Reuters) &#8211; South Africa&#8217;s central bank wants the country&#8217;s lenders to hold more capital than [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-11075","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=11075"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11075\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}