South African Reserve Bank
SARB
Press
SAFXC reviews FX Code, crypto regulation, market liquidity
The South African Foreign Exchange Committee (SAFXC) reviewed compliance with the FX Global Code, digital asset regulation, and foreign exchange derivatives market liquidity at its October 9, 2025, virtual meeting.
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SARB
Press
Mutual banks directed to submit new financial returns
The South African Reserve Bank's Prudential Authority has issued a directive requiring mutual banks to submit specified financial and risk-based returns.
SARB
Press
SARB clarifies bail-in rules
The South African Reserve Bank (SARB) has issued guidance clarifying the application of statutory bail-in powers and requirements for Flac instruments.
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SARB
Press
Standard for market infrastructure recovery plans published
The Financial Sector Conduct Authority and the Prudential Authority have published Joint Standard 1 of 2026, establishing minimum requirements for market infrastructures' recovery plans.
SARB
Press
SARB details bank audit reporting requirements
The South African Reserve Bank (SARB) has issued Directive 2 of 2026, detailing new reporting requirements for auditors of banks.
SARB
Press
Frontier AI accelerates cyber risk for financial sector
The South African Reserve Bank's Prudential Authority has issued a communication to financial institutions regarding the material shift in cyber risk due to rapid advances in artificial intelligence.
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SARB
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SARB PA to derecognise Moody's Ratings SA as eligible ECAI
The South African Reserve Bank's Prudential Authority intends to derecognise Moody's Investors Service South Africa (Pty) Ltd as an eligible external credit assessment institution.
SARB
Press
SARB sets May 1 deadline for new JIBAR transactions
The South African Reserve Bank's Prudential Authority and Financial Sector Conduct Authority have issued new supervisory guidance for the transition from JIBAR to ZARONIA.
SARB
Paper
SARB holds rates as global inflation storm brews
The South African Reserve Bank's Monetary Policy Committee held rates unchanged after a 25 basis point cut in November 2025.
SARB
Paper
Tax impact of Jibar to ZARONIA transition for legacy contracts
The Market Practitioners Group's Accounting and Tax Workstream has assessed the potential tax consequences of transitioning legacy contracts from Jibar to ZARONIA.
SARB
Press
Prudential Authority proposes new bank data returns
The South African Reserve Bank's Prudential Authority has proposed a new Directive for banks to submit financial and risk-based returns from 1 July 2026.
SARB
Press
SARB proposes new directive for bank returns, replaces 2025 rules
The South African Reserve Bank's Prudential Authority has issued a proposed directive to replace Directive 5 of 2025, outlining new requirements for banks to submit financial and risk-based returns.