{"id":15634,"date":"2012-10-17T06:02:31","date_gmt":"2012-10-17T04:02:31","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/s-africa-central-bank-sets-14-percent-capital-ratio\/"},"modified":"2012-10-17T06:02:31","modified_gmt":"2012-10-17T04:02:31","slug":"s-africa-central-bank-sets-14-percent-capital-ratio","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-central-bank-sets-14-percent-capital-ratio\/","title":{"rendered":"S.Africa central bank sets 14 percent capital ratio"},"content":{"rendered":"

\t\t<\/span><\/p>\n

JOHANNESBURG<\/span> Oct 16 (Reuters) – South Africa’s bank
\nregulator said on Tuesday it will require lenders to hold
\ncapital ratios of up to 14 percent by 2019, a requirement they
\nwill likely meet and above an internationally agreed minimum.<\/span><\/p>\n

<\/span><\/p>\n

Countries around the world are due to begin adopting in
\nJanuary the new Basel III banking regulations that form the
\nworld’s regulatory response to the financial crisis.<\/p>\n

<\/span><\/p>\n

By the start of next year, South African banks will have to
\nhold capital buffers equivalent to 9.5 percent of their riskier
\nassets, according to documents released by the Registrar of
\nBanks.<\/p>\n

<\/span><\/p>\n

Additional requirements will be phased in over time. For
\nso-called “systemically important banks” – those considered “too
\nbig too fail” – the requirement will increase to as much as 14
\npercent.<\/p>\n

<\/span><\/p>\n

Analysts have said that South Africa’s big banks – Standard
\nBank, FirstRand, Absa and Nedbank
\nGroup – are well capitalised, but will struggle to meet
\nother requirements on liquidity.<\/p>\n

<\/span><\/p>\n

“The industry is around 15 percent and this requirement is,
\ntherefore, below where the banks are already. It doesn’t look
\nlike an issue at all,” said one analyst about the South African
\ncapital requirements.<\/p>\n

<\/span><\/p>\n

The Reserve Bank has approved a facility starting in 2013 to
\nhelp them meet the liquidity coverage ratios in the coming
\nregulations. <\/p>\n

(Reporting by Helen Nyambura-Mwaura; editing by David Dolan)<\/p>\n

<\/span><\/p>\n

\n

\t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"

JOHANNESBURG Oct 16 (Reuters) – South Africa’s bank regulator said on Tuesday it will require lenders to hold capital ratios of up to 14 percent by 2019, a requirement they will likely meet and above an internationally agreed minimum. Countries around the world are due to begin adopting in January the new Basel III banking […]<\/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-15634","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\/15634","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=15634"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15634\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}