News

SA BANKS TOP RANK – LAFFERTY’S GLOBAL BANK QUALITY SURVEY

The Banking Association South Africa welcomes the news that South African banks have been ranked as the best in the world by respected international banking consultancy Lafferty Group.

STATEMENT ON PRIVACY IN BANKING SECTOR – JUNE 2017

The constitutional right to privacy of key executives in the South African banking sector must be protected.

FINANCIAL SECTOR REGULATION BILL NEWS ARTICLE – JUNE 2017

We welcome today’s passing of the Financial Sector Regulation Bill by the National Assembly and its forwarding to the President for his consideration.

STATEMENT PUBLIC PROTECTOR & SA RESERVE BANK – 2017

Comments by the Public Protector relating to the mandate of the SA Reserve Bank are particularly alarming.

MOODY’S DOWNGRADES SOUTH AFRICA’S FIVE MAJOR BANKS

The recent credit-rating downgrades of the five largest South African banks were expected, following our country’s recent sovereign rating downgrade. Read the media release here.

ECONOMIC TRANSFORMATION (ET) AND STRATEGY AND TACTICS (S&T)

The Banking Association South Africa (BASA) and the Association for Savings and Investment South Africa (ASISA) today met with the ANC in Johannesburg.

MOODY’S KEEP SA SOVEREIGN RATINGS ABOVE SUB-INVESTMENT GRADE

There is some good news in the midst of the recent news of our economy being technically in recession. Read the Response by The Banking Association to Moody's Announcement.

SA’S NEW NATIONAL TREASURY DIRECTOR GENERAL – JUNE 2017

We appointment of Dondo Mogajane as Director General of National Treasury.

SARB AND NATIONAL TREASURY PROPOSE DEPOSIT INSURANCE SCHEME

We have been engaged with the National Treasury and the SARB for some time. We recognise the need for a deposit insurance scheme, particularly given global prescripts.

IMPACTS ON GLOBAL FINANCIAL MARKETS AND BANK REGULATION

On 27 March 2017, IOSCO Secretary General Paul Andrews met with representatives of the Financial Markets Working Group (FMWG) of the International Banking Federation (IBFed) at IOSCO’s headquarters in Madrid, Spain.