Standards for Interest Rate Risk in the Banking Book

risk

Mr W Mostert
South African Reserve Bank
370 Helen Joseph Street
Pretoria
0002
E-mail: SARB-banksup@resbank.co.za
Wessel.mostert@resbank.co.za

Wessel

Re: Matters Related to the Standards for Interest Rate Risk in the
Banking Book

We thank you for the opportunity to provide comments on the proposed directive (15/8
dd. 25/07/17) issued in terms of section 6(6) of the Banks Act 94 of 1990.

We furthermore thank you for the ongoing dialogue and engagement with the industry
in our regular meetings, around the implementation of the Basel Committee on Banking
Supervision, Standards for Interest Rate Risk in the Banking Book (IRRBB), due
1 January 2018.

While several of the issues raised through the industry meetings have been dealt in the
proposed directive, there are still key items that require further clarification and are
contained in the BASA issues log, attached as Annexure A [#227616], updated post
our meeting on 7 August 17.

Download the full Letter to SARB re Basel Standards on IRRBB here.

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© The Banking Association South Africa 2017