Good morning – in capacity as Chairman of BASA I would like to welcome you to the to the 2018 Banking Summit. A special welcome to our speakers: Mr Kuben Naidoo – Deputy Governor of the South African Reserve Bank; Mr Thembekile Kimi Makwetu – Auditor-General of South Africa; Senior Bankers; Executives and the Board of BASA.

View The Auditor-General of South Africa (AGSA), Kimi Makwetu, Banking Summit 2018 presentation. He reviews the current state of the accounting and auditing profession governance in South Africa and suggests solutions for building public confidence.

We take note that the Portfolio Committee requested public comment on 3 specific clauses of the Bill and we address these specific clauses, as well as comments on the balance of the Bill to highlight remaining concerns.

Purpose of the evaluation - Assess whether StarSaverTM is achieving its objectives of: Fostering a culture of saving and Promoting volunteerism in the financial sector.

BASA supports and welcomes new banking participants subject to same regulatory and supervisory provisions.

Review of Section 25 of the Constitution and Other Sections Where Necessary, to Make It Possible for the State to Expropriate Land in the Public Interest Without Compensation

The feedback submitted herewith is geared towards strengthening the trading book capital framework whilst aiming to minimize unnecessary complexity and unintended consequences, where possible. We are also supportive of the revised implementation date.

We thank you for the opportunity to comment on the Basel Committee on Banking Supervision’s (BCBS) consultative document: Pillar 3 disclosure requirements – consolidated and enhanced framework (“consultative document”).

#NPC discussion evening with @BankingZA at @leribahotel at 6.30pm! MD Cas Coovadia will address members on issues such as land reform, transformation in the financial services industry and infrastructure development.

We thank you for the opportunity to provide comment on the Basel Committee on Banking Supervision (BCBS) discussion paper that looks at the treatment of exposures to Sovereigns.

Over-indebtedness decreased, consumer behaviour improved. Allow for full embedment and evaluation of existing measures before implementing further measures.

The Draft National Credit Amendment Bill (the Bill) was published in the Government Gazette, No. 41274 of 24 November 2017, wherein comments were invited from the public in response to the Bill.

South Africa urgently needs to review its land reform policy framework in order to create a workable model. Not only does this framework need to engineer a more equitable distribution of land so that our country’s black majority not only gets access to agricultural land, so they can earn a living from it and make a real contribution to the economy, but it also needs to undo skewed ownership patterns and redress apartheid wrongs.

This 30th annual Global Survey of Regulatory and Market Developments in Banking, Securities and Insurance is part of the IIB’s ongoing efforts to contribute to the understanding of global trends in financial regulation and markets.

We highly recommend that further industry engagement is required as we are concerned on a number of the aspects that the Code is trying to achieve. It also repeats what is contained in the GMSLA, legislation (FICA, money laundering, etc.) and current market conduct regulations.

The purpose of this document is to provide The Banking Association South Africa (BASA) member banks with recommended RDARR Internal Audit Testing Procedures.

Speech by Mr Cas Coovadia, MD, Banking Association South Africa, Trek4Mandela Gala dinner